Mitsubishi UFJ Asset Management Co. Ltd. Has $7.83 Million Stock Holdings in Vuzix Corporation $VUZI

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Vuzix Corporation (NASDAQ:VUZI) by 71.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,032,366 shares of the company’s stock after acquiring an additional 848,142 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Vuzix were worth $7,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Vuzix by 278.1% during the 1st quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock worth $3,900,000 after purchasing an additional 1,406,234 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Vuzix by 59.7% during the first quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company’s stock worth $885,000 after buying an additional 162,229 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Vuzix by 101.7% in the second quarter. Geode Capital Management LLC now owns 1,519,934 shares of the company’s stock valued at $4,439,000 after buying an additional 766,420 shares during the period. JPMorgan Chase & Co. acquired a new position in Vuzix in the second quarter valued at $1,274,000. Finally, Rhumbline Advisers bought a new stake in Vuzix during the second quarter valued at $269,000. 35.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vuzix

In other news, insider Christopher Iain Parkinson sold 11,663 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $2.69, for a total transaction of $31,373.47. Following the transaction, the insider owned 131,130 shares in the company, valued at approximately $352,739.70. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

VUZI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Vuzix from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vuzix in a research note on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vuzix currently has a consensus rating of “Hold”.

Vuzix Price Performance

NASDAQ:VUZI opened at $3.11 on Monday. The company has a fifty day moving average of $2.49 and a 200-day moving average of $2.79. The firm has a market capitalization of $258.63 million, a P/E ratio of -7.40 and a beta of 1.52. Vuzix Corporation has a twelve month low of $1.83 and a twelve month high of $4.29.

Vuzix (NASDAQ:VUZI) last released its earnings results on Thursday, March 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $2.24 million for the quarter, compared to analyst estimates of $1.92 million. Vuzix had a negative net margin of 513.82% and a negative return on equity of 112.96%.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.