BlackRock Cuts MicroVision Stake to 9.0%
Ticker: MVIS · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: bearish
Topics: institutional-ownership, stake-reduction, amendment, blackrock
TL;DR
**BlackRock trimmed its MicroVision stake to 9.0%, watch for potential stock impact.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of 7,009,879 shares of MicroVision, Inc. common stock as of December 31, 2023. This represents a 9.0% stake in the company, a decrease from their previous reported ownership. This matters to investors because BlackRock is a major institutional investor, and a reduction in their stake could signal a shift in their outlook on MicroVision's future prospects, potentially influencing other investors' decisions.
Why It Matters
A decrease in BlackRock's ownership of MicroVision shares could be interpreted as a loss of confidence by a major institutional investor, potentially leading to downward pressure on the stock price.
Risk Assessment
Risk Level: medium — While not a massive sell-off, a reduction by a large institutional holder like BlackRock introduces uncertainty and could signal underlying concerns.
Analyst Insight
An investor might consider this a signal to review their own position in MicroVision, potentially reducing exposure or conducting further due diligence into the reasons behind BlackRock's reduced stake.
Key Numbers
- 7,009,879 — Shares Owned (BlackRock's beneficial ownership of MicroVision common stock as of December 31, 2023.)
- 9.0% — Ownership Percentage (BlackRock's percentage of MicroVision's common stock, indicating a reduction from previous filings.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- MicroVision, Inc. (company) — the subject company whose securities are being reported
- 7,009,879 (dollar_amount) — number of shares of common stock beneficially owned by BlackRock
- 9.0% (dollar_amount) — percentage of MicroVision's common stock beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing of this statement
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- MicroVision's stock price may experience short-term volatility due to BlackRock's reduced stake. (MicroVision, Inc.) — medium confidence, target: Q1 2024
- Other institutional investors might re-evaluate their positions in MicroVision following BlackRock's move. (Institutional Investors) — low confidence, target: Q2 2024
FAQ
Who filed this SC 13G/A amendment regarding MicroVision, Inc.?
BlackRock, Inc. filed this SC 13G/A amendment, as stated in the 'Names of reporting persons' section of the filing.
What is the total number of MicroVision, Inc. common stock shares beneficially owned by BlackRock, Inc. as per this filing?
BlackRock, Inc. beneficially owns 7,009,879 shares of MicroVision, Inc. common stock, as detailed in the filing's cover page.
What percentage of MicroVision, Inc.'s common stock does BlackRock, Inc. now own?
BlackRock, Inc. now owns 9.0% of MicroVision, Inc.'s common stock, as indicated on the cover page of the SC 13G/A.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, according to the filing.
What type of security is the subject of this filing?
The subject of this filing is 'Common Stock' of MicroVision, Inc., as specified under 'Title of Class of Securities'.
From the Filing
EDGAR Filing Documents for 0001086364-24-002721 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002721 Filing Date 2024-01-24 Accepted 2024-01-24 17:23:52 Documents 1 Document Format Files Seq Description Document Type Size 1 us5949603048_012424.txt SC 13G/A 11734 Complete submission text file 0001086364-24-002721.txt 13601 Mailing Address 18390 NE 68TH STREET REDMOND WA 98052 Business Address 18390 NE 68TH STREET REDMOND WA 98052 425-936-6847 MICROVISION, INC. (Subject) CIK : 0000065770 (see all company filings) EIN. : 911600822 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-51199 | Film No.: 24557787 SIC : 3679 Electronic Components, NEC (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)