MicroVision (NASDAQ:MVIS) Coverage Initiated at D. Boral Capital

D. Boral Capital initiated coverage on shares of MicroVision (NASDAQ:MVIS) in a report released on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $3.00 target price on the electronics maker’s stock.

A number of other equities analysts have also recently issued reports on MVIS. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Friday, December 20th. Westpark Capital lifted their price target on shares of MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd.

MicroVision Stock Performance

Shares of MVIS stock opened at $1.38 on Monday. MicroVision has a 52-week low of $0.80 and a 52-week high of $2.70. The stock has a market cap of $302.25 million, a PE ratio of -3.37 and a beta of 2.87. The firm’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.11.

Hedge Funds Weigh In On MicroVision

A number of hedge funds and other institutional investors have recently made changes to their positions in MVIS. JPMorgan Chase & Co. boosted its position in shares of MicroVision by 686.5% during the fourth quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock worth $928,000 after purchasing an additional 618,429 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of MicroVision by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after acquiring an additional 363,292 shares during the period. Vanguard Group Inc. raised its holdings in shares of MicroVision by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 15,900,661 shares of the electronics maker’s stock worth $20,830,000 after acquiring an additional 297,166 shares during the period. Barclays PLC raised its holdings in shares of MicroVision by 302.0% during the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after acquiring an additional 212,365 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of MicroVision during the fourth quarter worth $229,000. 30.90% of the stock is owned by institutional investors.

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.