D. Boral Capital Reaffirms Buy Rating for MicroVision (NASDAQ:MVIS)

MicroVision (NASDAQ:MVIS)‘s stock had its “buy” rating restated by D. Boral Capital in a note issued to investors on Tuesday,Benzinga reports. They presently have a $3.00 price objective on the electronics maker’s stock. D. Boral Capital’s price objective would indicate a potential upside of 115.83% from the stock’s current price.

Several other research analysts have also commented on MVIS. Westpark Capital reissued a “buy” rating and issued a $2.00 price target on shares of MicroVision in a research report on Tuesday. StockNews.com upgraded MicroVision to a “sell” rating in a research note on Monday, March 10th.

MicroVision Stock Down 8.6 %

Shares of NASDAQ:MVIS opened at $1.39 on Tuesday. The firm has a 50 day moving average of $1.42 and a 200 day moving average of $1.20. The company has a market capitalization of $304.44 million, a price-to-earnings ratio of -3.39 and a beta of 2.63. MicroVision has a 52 week low of $0.80 and a 52 week high of $1.95.

Hedge Funds Weigh In On MicroVision

A number of large investors have recently made changes to their positions in MVIS. Intech Investment Management LLC purchased a new position in MicroVision during the 3rd quarter worth $56,000. Charles Schwab Investment Management Inc. grew its stake in shares of MicroVision by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after acquiring an additional 65,712 shares during the last quarter. State Street Corp increased its holdings in shares of MicroVision by 0.7% during the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after acquiring an additional 37,126 shares in the last quarter. XTX Topco Ltd raised its position in shares of MicroVision by 319.0% in the 3rd quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock valued at $143,000 after purchasing an additional 95,605 shares during the last quarter. Finally, Barclays PLC boosted its stake in MicroVision by 302.0% in the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after purchasing an additional 212,365 shares in the last quarter. 30.90% of the stock is owned by institutional investors and hedge funds.

MicroVision Company Profile

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.