MCF Advisors LLC Has $1.14 Million Position in MicroVision, Inc. (NASDAQ:MVIS)

MCF Advisors LLC cut its holdings in MicroVision, Inc. (NASDAQ:MVIS) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,003,648 shares of the electronics maker’s stock after selling 12,000 shares during the quarter. MCF Advisors LLC owned about 0.49% of MicroVision worth $1,144,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MVIS. Vanguard Group Inc. boosted its holdings in shares of MicroVision by 5.4% in the first quarter. Vanguard Group Inc. now owns 14,474,551 shares of the electronics maker’s stock valued at $26,633,000 after buying an additional 741,913 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in MicroVision by 63.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,463,069 shares of the electronics maker’s stock worth $6,372,000 after purchasing an additional 1,344,239 shares during the period. Bank of New York Mellon Corp increased its holdings in MicroVision by 17.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after purchasing an additional 117,035 shares in the last quarter. Rhumbline Advisers raised its stake in shares of MicroVision by 16.8% in the 2nd quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 42,704 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of MicroVision by 19.1% in the first quarter. BNP Paribas Financial Markets now owns 194,777 shares of the electronics maker’s stock valued at $358,000 after purchasing an additional 31,211 shares in the last quarter. 30.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MVIS has been the subject of a number of research reports. Westpark Capital reiterated a “hold” rating on shares of MicroVision in a report on Wednesday, August 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3.00 price objective on shares of MicroVision in a report on Monday, July 22nd.

MicroVision Price Performance

NASDAQ:MVIS traded down $0.01 on Friday, hitting $1.07. 1,481,294 shares of the company’s stock were exchanged, compared to its average volume of 2,198,707. The company has a market cap of $227.64 million, a P/E ratio of -2.33 and a beta of 3.03. The firm has a 50-day moving average price of $1.08 and a 200-day moving average price of $1.15. MicroVision, Inc. has a 52 week low of $0.83 and a 52 week high of $2.98.

MicroVision (NASDAQ:MVIS) last posted its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter. The company had revenue of $1.90 million during the quarter. MicroVision had a negative net margin of 1,037.86% and a negative return on equity of 101.97%. On average, research analysts expect that MicroVision, Inc. will post -0.49 earnings per share for the current fiscal year.

MicroVision Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.