SRS Capital Advisors Inc. Buys New Holdings in MicroVision, Inc. (NASDAQ:MVIS)

SRS Capital Advisors Inc. purchased a new position in shares of MicroVision, Inc. (NASDAQ:MVIS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the electronics maker’s stock, valued at approximately $66,000.

A number of other large investors also recently modified their holdings of MVIS. Caitlin John LLC purchased a new stake in shares of MicroVision during the 4th quarter worth $26,000. Synergy Asset Management LLC lifted its holdings in MicroVision by 140.4% during the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after buying an additional 17,669 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of MicroVision during the 3rd quarter worth about $56,000. Virtu Financial LLC acquired a new position in shares of MicroVision during the 3rd quarter worth about $72,000. Finally, Lakeside Advisors INC. increased its holdings in shares of MicroVision by 19.4% in the 4th quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock valued at $81,000 after acquiring an additional 10,000 shares during the last quarter. 30.90% of the stock is owned by hedge funds and other institutional investors.

MicroVision Stock Down 11.4 %

MVIS opened at $1.17 on Friday. MicroVision, Inc. has a 52 week low of $0.80 and a 52 week high of $2.70. The business has a 50 day moving average price of $1.43 and a two-hundred day moving average price of $1.16. The company has a market cap of $256.25 million, a PE ratio of -2.85 and a beta of 2.87.

Analyst Ratings Changes

MVIS has been the topic of several recent analyst reports. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research note on Friday, December 20th. Westpark Capital increased their target price on shares of MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, D. Boral Capital assumed coverage on shares of MicroVision in a research note on Monday, February 10th. They set a “buy” rating and a $3.00 price target on the stock.

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.