ParkerVision, Inc. (PRKR) Upgraded to Hold by Zacks Investment Research
Zacks Investment Research upgraded shares of ParkerVision, Inc. (NASDAQ:PRKR) from a sell rating to a hold rating in a research report report published on Wednesday morning.
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 reaffirmed a buy rating and issued a $12.00 price objective on shares of ParkerVision in a research report on Tuesday, June 13th.
ParkerVision (NASDAQ PRKR) opened at 1.89 on Wednesday. The stock has a 50 day moving average of $1.87 and a 200 day moving average of $2.03. The company’s market cap is $33.60 million. ParkerVision has a 52 week low of $1.60 and a 52 week high of $4.85.
ParkerVision (NASDAQ:PRKR) last issued its quarterly earnings data on Thursday, August 17th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. During the same quarter in the previous year, the company posted ($0.72) earnings per share. On average, analysts expect that ParkerVision will post ($0.85) earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Ingalls & Snyder LLC purchased a new position in shares of ParkerVision in the 1st quarter worth approximately $199,000. Vanguard Group Inc. grew its position in shares of ParkerVision by 23.0% in the 2nd quarter. Vanguard Group Inc. now owns 574,253 shares of the semiconductor company’s stock worth $1,028,000 after buying an additional 107,500 shares during the last quarter. Finally, Alden Global Capital LLC grew its position in shares of ParkerVision by 84.4% in the 1st 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. 12.96% of the stock is currently owned by hedge funds and other institutional investors.
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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