ParkerVision, Inc. (NASDAQ:PRKR) Position Increased by Ingalls & Snyder LLC
Ingalls & Snyder LLC increased its position in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 14.0% during the second quarter, Holdings Channel reports. The fund owned 114,200 shares of the semiconductor company’s stock after buying an additional 14,000 shares during the period. Ingalls & Snyder LLC’s holdings in ParkerVision were worth $204,000 at the end of the most recent quarter.
Separately, Alden Global Capital LLC increased its stake in ParkerVision by 84.4% in the first quarter. Alden Global Capital LLC now owns 1,092,633 shares of the semiconductor company’s stock worth $2,174,000 after buying an additional 500,000 shares during the last quarter. Institutional investors own 13.02% of the company’s stock.
Shares of ParkerVision, Inc. (NASDAQ PRKR) opened at 1.79 on Wednesday. The stock’s 50 day moving average price is $1.92 and its 200-day moving average price is $2.08. ParkerVision, Inc. has a 52-week low of $1.60 and a 52-week high of $6.25. The company’s market capitalization is $31.68 million.
ParkerVision (NASDAQ:PRKR) last announced its quarterly earnings results on Monday, May 15th. The semiconductor company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.10. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. On average, equities analysts expect that ParkerVision, Inc. will post $0.80 earnings per share for the current year.
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PRKR has been the subject of a number of recent analyst reports. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $12.00 target price on shares of ParkerVision in a research report on Tuesday, June 13th. Zacks Investment Research upgraded ParkerVision from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 24th.
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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