One of the great maxims of traders and Wall Street pros is to follow the "smart money."

I'm not much for the thesis that institutional shoppers tend to make smarter investing decisions, but many of you who've read my ruminations on insider buying say you'd also like to know how the Big Money is betting. Your wish is my command.

Next up: Microvision (Nasdaq: MVIS). Are institutions bullish or bearish when it comes to this maker of imaging and projection technology?

Foolish facts

Metric

Microvision

CAPS stars (out of 5)***
Total ratings470
Percent bulls92.6%
Percent bears7.4%
Bullish pitches113 out of 120
Highest rated peersVishay Precision Group, Rofin-Sinar Technologies, Elster Group

Data current as of May 30.

Want to broadcast a presentation from your iPhone? You can, thanks to Microvision. The company's PicoP chip technology mixes lasers and other components to accurately render complex visuals and videos in a portable form factor.

Microvision calls PicoP a "display engine" because of how it deconstructs images into electronic signals that are then fed into tiny red, green, and blue lasers that transmit image piece-parts through an optical concentrator and then a scanning mirror to reproduce images a pixel at a time. Microvision says is the process is based on patented expertise.

Right now, the SHOWWX family pico projectors accounts for the majority of the company's product revenue. (North of 90% in the latest quarter, according to SEC filings.) SHOWWX projectors can be either embedded in a portable device, or as shown below, connected to any one of Apple's (Nasdaq: AAPL) iOS devices. Here's a closer look at how they work: