ParkerVision, Inc. (PRKR) Rating Increased to Hold at Zacks Investment Research
ParkerVision, Inc. (NASDAQ:PRKR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “ParkerVision, Inc. operates two segments – the Video Products Division and the Wireless Technology Division. The Video Division is engaged in the design, development and marketing of automated video camera control systems, marketed under the tradename CameraMan and automated production systems, marketed under the tradename PVTV Studio. The Wireless Division is engaged in the development and initial commercialization of its Direct2Data, or D2D, technology. “
Separately, Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $12.00 price objective on shares of ParkerVision in a report on Tuesday, June 13th.
ParkerVision (NASDAQ:PRKR) opened at 1.95 on Thursday. The company has a 50 day moving average of $1.85 and a 200-day moving average of $2.04. The stock’s market capitalization is $34.67 million. ParkerVision has a one year low of $1.60 and a one year high of $5.06.
ParkerVision (NASDAQ:PRKR) last released its quarterly earnings data on Thursday, August 17th. The semiconductor company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.03. During the same period in the prior year, the company earned ($0.72) earnings per share. Equities research analysts predict that ParkerVision will post ($0.85) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of ParkerVision by 23.0% in the second quarter. Vanguard Group Inc. now owns 574,253 shares of the semiconductor company’s stock valued at $1,028,000 after buying an additional 107,500 shares during the last quarter. Ingalls & Snyder LLC boosted its position in shares of ParkerVision by 14.0% in the second quarter. Ingalls & Snyder LLC now owns 114,200 shares of the semiconductor company’s stock valued at $204,000 after buying an additional 14,000 shares during the last quarter. Finally, Alden Global Capital LLC boosted its position in shares of ParkerVision by 84.4% in the first quarter. Alden Global Capital LLC now owns 1,092,633 shares of the semiconductor company’s stock valued at $2,174,000 after buying an additional 500,000 shares during the last quarter. 12.96% of the stock is currently owned by institutional investors and hedge funds.
ParkerVision Company Profile
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
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