Stock Traders Buy High Volume of MicroVision Call Options (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 66,418 call options on the company. This is an increase of approximately 858% compared to the typical volume of 6,936 call options.

Institutional Trading of MicroVision

A number of institutional investors have recently added to or reduced their stakes in MVIS. Vanguard Group Inc. lifted its stake in shares of MicroVision by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 15,900,661 shares of the electronics maker’s stock valued at $20,830,000 after purchasing an additional 297,166 shares during the period. Geode Capital Management LLC lifted its stake in shares of MicroVision by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 5,106,576 shares of the electronics maker’s stock valued at $6,691,000 after purchasing an additional 106,984 shares during the period. State Street Corp lifted its stake in shares of MicroVision by 0.7% in the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after purchasing an additional 37,126 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of MicroVision by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker’s stock valued at $2,400,000 after purchasing an additional 134,479 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of MicroVision by 5.3% in the 4th quarter. Northern Trust Corp now owns 1,829,877 shares of the electronics maker’s stock valued at $2,397,000 after purchasing an additional 91,930 shares during the period. Hedge funds and other institutional investors own 30.90% of the company’s stock.

MicroVision Stock Up 32.0 %

MVIS traded up $0.43 during trading on Wednesday, reaching $1.76. 22,491,481 shares of the company were exchanged, compared to its average volume of 6,577,112. The company’s 50-day moving average is $1.32 and its two-hundred day moving average is $1.12. The company has a market cap of $384.38 million, a price-to-earnings ratio of -4.16 and a beta of 2.87. MicroVision has a 12-month low of $0.80 and a 12-month high of $2.70.

Analyst Ratings Changes

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