Virtu Financial LLC Takes Position in MicroVision, Inc. (NASDAQ:MVIS)

Virtu Financial LLC bought a new stake in MicroVision, Inc. (NASDAQ:MVIS) during the 3rd quarter, HoldingsChannel reports. The fund bought 63,246 shares of the electronics maker’s stock, valued at approximately $72,000.

Several other large investors have also recently added to or reduced their stakes in the business. Sei Investments Co. bought a new position in shares of MicroVision in the second quarter worth $27,000. Aaron Wealth Advisors LLC acquired a new stake in MicroVision in the third quarter worth about $31,000. XTX Topco Ltd acquired a new stake in MicroVision in the second quarter worth about $32,000. Allspring Global Investments Holdings LLC bought a new position in MicroVision in the 3rd quarter valued at about $40,000. Finally, Hsbc Holdings PLC increased its stake in MicroVision by 158.3% during the 2nd quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock valued at $41,000 after buying an additional 24,006 shares during the period. 30.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Westpark Capital assumed coverage on shares of MicroVision in a research note on Thursday. They issued a “buy” rating and a $1.30 price target for the company.

MicroVision Stock Performance

Shares of MVIS stock opened at $0.95 on Friday. MicroVision, Inc. has a 1 year low of $0.80 and a 1 year high of $2.98. The business’s fifty day moving average is $0.99 and its 200-day moving average is $1.03. The stock has a market cap of $208.07 million, a PE ratio of -2.32 and a beta of 2.96.

MicroVision 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.