Alpine Global Management LLC bought a new stake in MicroVision, Inc. (NASDAQ:MVIS – Free Report) during the first quarter, Holdings Channel reports. The institutional investor bought 21,387 shares of the electronics maker’s stock, valued at approximately $39,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in MicroVision by 24.1% during the fourth quarter. Victory Capital Management Inc. now owns 25,355 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 4,926 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of MicroVision by 163.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 29,406 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 18,226 shares during the last quarter. Tower Research Capital LLC TRC increased its position in MicroVision by 604.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,223 shares of the electronics maker’s stock worth $88,000 after buying an additional 28,505 shares during the last quarter. Thoroughbred Financial Services LLC bought a new position in MicroVision during the fourth quarter valued at about $104,000. Finally, International Assets Investment Management LLC boosted its stake in shares of MicroVision by 166.0% during the 4th quarter. International Assets Investment Management LLC now owns 93,100 shares of the electronics maker’s stock worth $248,000 after acquiring an additional 58,100 shares in the last quarter. 30.90% of the stock is owned by hedge funds and other institutional investors.
MicroVision Trading Down 3.4 %
Shares of NASDAQ:MVIS traded down $0.04 during midday trading on Friday, hitting $1.12. The company’s stock had a trading volume of 1,593,309 shares, compared to its average volume of 1,937,303. MicroVision, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $4.04. The stock’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $1.66.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald reiterated a “neutral” rating and set a $3.00 price target on shares of MicroVision in a report on Monday, July 22nd.
View Our Latest Research Report on MVIS
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.
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