MicroVision Sees Unusually Large Options Volume (NASDAQ:MVIS)

Posted by Defense World Staff on Jun 6th, 2023

MicroVision, Inc. (NASDAQ:MVIS – Get Rating) was the recipient of some unusual options trading on Monday. Traders bought 8,465 call options on the stock. This represents an increase of 39% compared to the typical daily volume of 6,097 call options.

Institutional Trading of MicroVision

A number of hedge funds and other institutional investors have recently modified their holdings of MVIS. Mercer Global Advisors Inc. ADV grew its holdings in MicroVision by 6.8% during the first quarter. Mercer Global Advisors Inc. ADV now owns 78,142 shares of the electronics maker’s stock worth $209,000 after acquiring an additional 5,000 shares during the period. Colony Group LLC grew its stake in shares of MicroVision by 77.3% in the 1st quarter. Colony Group LLC now owns 27,527 shares of the electronics maker’s stock worth $73,000 after purchasing an additional 12,000 shares during the last quarter. State Street Corp grew its stake in shares of MicroVision by 1.8% in the 1st quarter. State Street Corp now owns 4,952,361 shares of the electronics maker’s stock worth $13,222,000 after purchasing an additional 89,043 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of MicroVision by 58.1% in the 1st quarter. Squarepoint Ops LLC now owns 83,914 shares of the electronics maker’s stock worth $224,000 after purchasing an additional 30,849 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in MicroVision by 5.4% during the first quarter. Geode Capital Management LLC now owns 3,236,329 shares of the electronics maker’s stock valued at $8,641,000 after purchasing an additional 166,348 shares during the last quarter. Institutional investors own 29.12% of the company’s stock.

Analyst Ratings Changes

Separately, Cantor Fitzgerald decreased their price target on MicroVision from $5.00 to $4.00 in a research note on Thursday, May 11th.

MicroVision Stock Up 8.6 %

Shares of MVIS opened at $5.33 on Tuesday. MicroVision has a 52-week low of $1.82 and a 52-week high of $5.96. The firm has a market capitalization of $940.85 million, a PE ratio of -15.23 and a beta of 3.14. The firm has a 50-day moving average price of $2.82 and a 200 day moving average price of $2.67.

MicroVision (NASDAQ:MVIS – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $0.78 million during the quarter. During the same period in the previous year, the business earned ($0.08) EPS. On average, equities analysts expect that MicroVision will post -0.37 EPS for the current year.

MicroVision Company Profile

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MicroVision, Inc engages in the development of laser beam scanning technology. It integrates micro-electrical mechanical systems (MEMS), lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. It uses its technology to develop automotive lidar sensors and provide solutions for advanced driver-assisted systems (ADAS).

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