Mirae Asset Global Investments Co. Ltd. acquired a new stake in MicroVision, Inc. (NASDAQ:MVIS – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,706,262 shares of the electronics maker's stock, valued at approximately $17,308,000. Mirae Asset Global Investments Co. Ltd. owned approximately 2.24% of MicroVision at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ensign Peak Advisors Inc purchased a new stake in MicroVision during the 4th quarter worth approximately $183,000. Lakeside Advisors INC. boosted its position in MicroVision by 113.4% during the 1st quarter. Lakeside Advisors INC. now owns 37,638 shares of the electronics maker's stock valued at $176,000 after purchasing an additional 20,000 shares during the period. Seven Eight Capital LP boosted its position in MicroVision by 100.8% during the 4th quarter. Seven Eight Capital LP now owns 360,108 shares of the electronics maker's stock valued at $1,804,000 after purchasing an additional 180,759 shares during the period. Itau Unibanco Holding S.A. boosted its position in MicroVision by 137.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 7,000 shares of the electronics maker's stock valued at $36,000 after purchasing an additional 4,058 shares during the period. Finally, Swiss National Bank boosted its position in MicroVision by 7.6% during the 1st quarter. Swiss National Bank now owns 388,100 shares of the electronics maker's stock valued at $1,812,000 after purchasing an additional 27,400 shares during the period. 30.28% of the stock is owned by institutional investors and hedge funds.

MicroVision Price Performance

NASDAQ:MVIS opened at $4.16 on Monday. MicroVision, Inc. has a 12-month low of $2.50 and a 12-month high of $12.86. The firm has a market capitalization of $688.60 million, a P/E ratio of -13.87 and a beta of 3.28. The business has a 50 day simple moving average of $4.91 and a 200 day simple moving average of $4.21.

MicroVision Profile

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MicroVision, Inc develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.

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