Bard Financial Services Inc. Purchases New Stake in MicroVision, Inc. (NASDAQ:MVIS)

Bard Financial Services Inc. acquired a new position in MicroVision, Inc. (NASDAQ:MVIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 127,050 shares of the electronics maker’s stock, valued at approximately $166,000. Bard Financial Services Inc. owned 0.06% of MicroVision at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of MicroVision by 17.9% in the 2nd 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 period. Rhumbline Advisers boosted its stake in MicroVision by 16.8% in the second quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 42,704 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of MicroVision by 133.4% during the second quarter. Daiwa Securities Group Inc. now owns 64,436 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 36,834 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of MicroVision by 29.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 88,670 shares of the electronics maker’s stock worth $93,000 after purchasing an additional 20,000 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of MicroVision by 158.3% during the 2nd quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 24,006 shares during the period. Institutional investors own 30.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MVIS shares. Westpark Capital began coverage on MicroVision in a research note on Thursday, December 19th. They set a “buy” rating and a $1.30 price objective for the company. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research report on Friday, December 20th.

MicroVision Price Performance

MVIS stock traded down $0.05 on Monday, reaching $1.46. The company’s stock had a trading volume of 5,955,272 shares, compared to its average volume of 7,362,990. MicroVision, Inc. has a 52 week low of $0.80 and a 52 week high of $2.80. The company has a market capitalization of $318.67 million, a P/E ratio of -3.55 and a beta of 2.87. The firm has a fifty day moving average of $1.02 and a two-hundred day moving average of $1.05.

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.