ParkerVision, Inc. (NASDAQ:PRKR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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 reissued a “buy” rating and set a $12.00 target price on shares of ParkerVision in a research report on Tuesday, June 13th.

ParkerVision (PRKR) opened at 1.58 on Tuesday. ParkerVision has a 1-year low of $1.58 and a 1-year high of $4.55. The firm’s market capitalization is $28.09 million. The stock’s 50 day moving average is $1.83 and its 200-day moving average is $1.97.

ParkerVision (NASDAQ:PRKR) last released its quarterly earnings data on Thursday, August 17th. The semiconductor company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.03. During the same quarter in the prior year, the business earned ($0.72) earnings per share. Analysts forecast that ParkerVision will post ($0.85) EPS for the current year.

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An institutional investor recently raised its position in ParkerVision stock. Ingalls & Snyder LLC grew its stake in ParkerVision, Inc. (NASDAQ:PRKR) by 14.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,200 shares of the semiconductor company’s stock after purchasing an additional 14,000 shares during the quarter. Ingalls & Snyder LLC owned approximately 0.65% of ParkerVision worth $204,000 at the end of the most recent reporting period. Institutional investors own 12.96% of the company’s stock.

About ParkerVision

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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