State Street Corp Increases Stock Position in MicroVision, Inc. (NASDAQ:MVIS)

State Street Corp raised its position in shares of MicroVision, Inc. (NASDAQ:MVIS) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,095,629 shares of the electronics maker’s stock after acquiring an additional 37,126 shares during the period. State Street Corp’s holdings in MicroVision were worth $5,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in MVIS. Bank of New York Mellon Corp grew its stake in shares of MicroVision by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock valued at $818,000 after buying an additional 117,035 shares during the last quarter. BSW Wealth Partners raised its stake in shares of MicroVision by 33.3% during the 3rd quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock worth $456,000 after acquiring an additional 100,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of MicroVision by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after purchasing an additional 65,712 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of MicroVision by 62.9% during the second quarter. ProShare Advisors LLC now owns 155,267 shares of the electronics maker’s stock valued at $165,000 after acquiring an additional 59,977 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of MicroVision in the third quarter worth $56,000. 30.90% of the stock is currently owned by institutional investors.

MicroVision Trading Up 8.6 %

Shares of MVIS opened at $1.51 on Friday. MicroVision, Inc. has a twelve month low of $0.80 and a twelve month high of $2.87. The firm has a market capitalization of $330.72 million, a price-to-earnings ratio of -3.68 and a beta of 2.96. The firm’s fifty day simple moving average is $0.99 and its 200-day simple moving average is $1.03.

Analyst Ratings Changes

Several research analysts recently issued reports on MVIS shares. Westpark Capital initiated coverage on shares of MicroVision in a report on Thursday, December 19th. They set a “buy” rating and a $1.30 target price for the company. StockNews.com upgraded shares of MicroVision to a “sell” rating in a report on Friday, December 20th.

About MicroVision

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.