TIAA CREF Investment Management LLC Acquires Shares of 182,194 Microvision, Inc. (MVIS)

TIAA CREF Investment Management LLC acquired a new position in shares of Microvision, Inc. (NASDAQ:MVIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 182,194 shares of the electronics maker’s stock, valued at approximately $386,000. TIAA CREF Investment Management LLC owned 0.27% of Microvision as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MVIS. Bank of New York Mellon Corp increased its holdings in shares of Microvision by 13.7% during the 1st quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock worth $109,000 after purchasing an additional 5,283 shares during the period. Geode Capital Management LLC increased its holdings in shares of Microvision by 92.5% during the 1st quarter. Geode Capital Management LLC now owns 465,339 shares of the electronics maker’s stock worth $1,158,000 after purchasing an additional 223,582 shares during the period. Schwab Charles Investment Management Inc. bought a new position in shares of Microvision during the 2nd quarter worth about $250,000. Rhumbline Advisers bought a new position in shares of Microvision during the 2nd quarter worth about $139,000. Finally, Teachers Advisors LLC bought a new position in shares of Microvision during the 2nd quarter worth about $256,000. Institutional investors own 26.76% of the company’s stock.

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Shares of Microvision, Inc. (MVIS) opened at $1.56 on Wednesday. Microvision, Inc. has a 52 week low of $1.01 and a 52 week high of $3.25.

Microvision (NASDAQ:MVIS) last posted its earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.07). The business had revenue of $6.09 million for the quarter, compared to analysts’ expectations of $5.24 million. Microvision had a negative net margin of 193.59% and a negative return on equity of 335.81%. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. analysts expect that Microvision, Inc. will post -0.3 earnings per share for the current fiscal year.

Several research firms have recently issued reports on MVIS. HC Wainwright set a $4.00 price objective on shares of Microvision and gave the stock a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of Microvision from a “hold” rating to a “sell” rating in a report on Friday, November 10th. ValuEngine downgraded shares of Microvision from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. S&P Equity Research boosted their price objective on shares of Microvision from $1.75 to $2.22 in a report on Thursday, November 2nd. Finally, Northland Securities set a $3.00 price objective on shares of Microvision and gave the stock a “buy” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $3.34.

Microvision Profile

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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Institutional Ownership by Quarter for Microvision (NASDAQ:MVIS)

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