Synergy Asset Management LLC Raises Stock Holdings in MicroVision, Inc. (NASDAQ:MVIS)

Synergy Asset Management LLC boosted its holdings in shares of MicroVision, Inc. (NASDAQ:MVIS) by 140.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,252 shares of the electronics maker’s stock after acquiring an additional 17,669 shares during the quarter. Synergy Asset Management LLC’s holdings in MicroVision were worth $38,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. State Street Corp lifted its position in shares of MicroVision by 0.7% during the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after purchasing an additional 37,126 shares during the last quarter. Geode Capital Management LLC lifted its holdings in MicroVision by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after buying an additional 363,292 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 acquiring an additional 65,712 shares in the last quarter. BSW Wealth Partners increased its position in shares of MicroVision by 33.3% during the third 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 during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of MicroVision by 7.1% during the third quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock valued at $348,000 after acquiring an additional 20,113 shares in the last quarter. Institutional investors own 30.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MVIS. StockNews.com raised MicroVision to a “sell” rating in a research note on Friday, December 20th. Westpark Capital raised their price target on MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd.

MicroVision Stock Performance

NASDAQ MVIS opened at $1.59 on Friday. The company has a market cap of $348.24 million, a PE ratio of -3.88 and a beta of 2.87. The firm’s 50 day moving average price is $1.20 and its 200-day moving average price is $1.10. MicroVision, Inc. has a 52-week low of $0.80 and a 52-week high of $2.70.

MicroVision (NASDAQ:MVIS) last announced its earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $0.19 million for the quarter. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. During the same quarter in the previous year, the business earned ($0.12) earnings per share. On average, analysts forecast 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.