Taylor Frigon Capital Management LLC Has $781,000 Holdings in Vuzix Co. (NASDAQ:VUZI)

Taylor Frigon Capital Management LLC boosted its stake in shares of Vuzix Co. (NASDAQ:VUZI) by 85.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 667,230 shares of the company’s stock after purchasing an additional 307,599 shares during the quarter. Taylor Frigon Capital Management LLC owned about 1.03% of Vuzix worth $781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mount Yale Investment Advisors LLC acquired a new position in shares of Vuzix in the first quarter valued at approximately $27,000. Mcrae Capital Management Inc. acquired a new position in shares of Vuzix in the second quarter valued at about $31,000. Quadrature Capital Ltd bought a new position in Vuzix during the first quarter worth about $28,000. XTX Topco Ltd acquired a new stake in Vuzix in the 2nd quarter worth about $32,000. Finally, Sei Investments Co. bought a new stake in Vuzix in the 2nd quarter valued at about $33,000. Institutional investors own 35.87% of the company’s stock.

Vuzix Price Performance

Shares of Vuzix stock traded down $0.01 during trading on Thursday, reaching $1.30. 1,126,975 shares of the company’s stock were exchanged, compared to its average volume of 856,111. Vuzix Co. has a 1-year low of $0.83 and a 1-year high of $3.65. The firm’s 50-day moving average price is $1.07 and its 200 day moving average price is $1.24.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $1.09 million during the quarter. Vuzix had a negative return on equity of 114.41% and a negative net margin of 1,285.06%.

Analysts Set New Price Targets

Separately, Craig Hallum dropped their price target on shares of Vuzix from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, August 15th.

Vuzix Company Profile

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.