Cambridge Investment Research Advisors Inc. Acquires 7,926 Shares of MicroVision, Inc. (NASDAQ:MVIS)

Cambridge Investment Research Advisors Inc. boosted its position in shares of MicroVision, Inc. (NASDAQ:MVISGet Rating) by 23.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,279 shares of the electronics maker’s stock after acquiring an additional 7,926 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in MicroVision were worth $149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MVIS. Mirae Asset Global Investments Co. Ltd. acquired a new stake in MicroVision during the first quarter valued at approximately $17,308,000. Paradigm Strategies in Wealth Management LLC boosted its holdings in MicroVision by 46.0% during the second quarter. Paradigm Strategies in Wealth Management LLC now owns 146,704 shares of the electronics maker’s stock valued at $563,000 after purchasing an additional 46,204 shares in the last quarter. Raymond James & Associates acquired a new stake in MicroVision during the first quarter valued at approximately $56,000. Creative Planning boosted its holdings in MicroVision by 0.9% during the second quarter. Creative Planning now owns 738,938 shares of the electronics maker’s stock valued at $2,838,000 after purchasing an additional 6,686 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in MicroVision by 151.5% during the second quarter. Ensign Peak Advisors Inc now owns 92,040 shares of the electronics maker’s stock valued at $353,000 after purchasing an additional 55,450 shares in the last quarter. 29.12% of the stock is currently owned by institutional investors.

MicroVision Trading Up 2.0 %

NASDAQ MVIS opened at $2.59 on Tuesday. The stock’s 50 day moving average is $2.76 and its two-hundred day moving average is $3.79. The company has a market capitalization of $430.03 million, a price-to-earnings ratio of -8.09 and a beta of 3.14. MicroVision, Inc. has a 1-year low of $2.11 and a 1-year high of $5.96.

MicroVision (NASDAQ:MVISGet Rating) last announced its earnings results on Thursday, October 27th. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. MicroVision had a negative return on equity of 52.78% and a negative net margin of 2,515.32%.

About MicroVision

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MicroVision, Inc develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.

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Institutional Ownership by Quarter for MicroVision (NASDAQ:MVIS)

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