Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 10.31MM shares of Microvision, Inc. (MVIS). This represents 6.21% of the company.
In their previous filing dated February 10, 2022 they reported 9.17MM shares and 5.59% of the company, an increase in shares of 12.41% and an increase in total ownership of 0.62% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 67.76% Upside
As of February 9, 2023, the average one-year price target for Microvision is $5.10. The forecasts range from a low of $5.05 to a high of $5.25. The average price target represents an increase of 67.76% from its latest reported closing price of $3.04.
The projected annual revenue for Microvision is $2MM, an increase of 25.31%. The projected annual EPS is -$0.41.
What is the Fund Sentiment?
There are 269 funds or institutions reporting positions in Microvision. This is an increase of 2 owner(s) or 0.75% in the last quarter. Average portfolio weight of all funds dedicated to MVIS is 0.03%, a decrease of 25.77%. Total shares owned by institutions decreased in the last three months by 3.40% to 51,543K shares. The put/call ratio of MVIS is 0.49, indicating a bullish outlook.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,596K shares representing 2.77% ownership of the company. In it's prior filing, the firm reported owning 4,946K shares, representing a decrease of 7.61%. The firm decreased its portfolio allocation in MVIS by 8.93% over the last quarter.
IWM - iShares Russell 2000 ETF holds 3,611K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 3,806K shares, representing a decrease of 5.39%. The firm decreased its portfolio allocation in MVIS by 3.39% over the last quarter.
Geode Capital Management holds 2,919K shares representing 1.76% ownership of the company. In it's prior filing, the firm reported owning 2,880K shares, representing an increase of 1.34%. The firm decreased its portfolio allocation in MVIS by 1.34% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 2,299K shares representing 1.38% ownership of the company. In it's prior filing, the firm reported owning 2,224K shares, representing an increase of 3.27%. The firm decreased its portfolio allocation in MVIS by 1.15% over the last quarter.
Mirae Asset Global Investments Co. holds 2,038K shares representing 1.23% ownership of the company. In it's prior filing, the firm reported owning 3,553K shares, representing a decrease of 74.38%. The firm decreased its portfolio allocation in MVIS by 42.95% over the last quarter.
Microvision Background Information
(This description is provided by the company.)
MicroVision Inc. is a pioneering company in MEMS based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. The Company's integrated approach uses its proprietary technology to provide solutions for automotive lidar sensors, augmented reality micro-display engines, interactive display modules and consumer lidar modules.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
