ParkerVision, Inc. (NASDAQ:PRKR)‘s stock had its “buy” rating reaffirmed by analysts at Ladenburg Thalmann Financial Services in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $12.00 price target on the semiconductor company’s stock. Ladenburg Thalmann Financial Services’ target price indicates a potential upside of 410.64% from the stock’s previous close.

Separately, Zacks Investment Research upgraded shares of ParkerVision from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 24th.

ParkerVision (PRKR) traded down 3.69% during midday trading on Tuesday, reaching $2.35. The company had a trading volume of 419,771 shares. The company’s 50 day moving average is $2.17 and its 200-day moving average is $2.15. ParkerVision has a 52-week low of $1.60 and a 52-week high of $8.18. The company’s market capitalization is $41.59 million.

ParkerVision (NASDAQ:PRKR) last posted its quarterly earnings results on Monday, May 15th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.10. During the same period in the previous year, the business posted ($0.45) EPS. Equities analysts expect that ParkerVision will post $0.80 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in ParkerVision by 54.2% in the first quarter. Vanguard Group Inc. now owns 466,753 shares of the semiconductor company’s stock valued at $928,000 after buying an additional 164,012 shares during the period. Alden Global Capital LLC raised its position 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 valued at $2,174,000 after buying an additional 500,000 shares during the period. Ingalls & Snyder LLC acquired a new position in ParkerVision during the first quarter valued at about $199,000. Finally, ICM Asset Management Inc. WA acquired a new position in ParkerVision during the fourth quarter valued at about $292,000. Hedge funds and other institutional investors own 13.42% of the company’s stock.

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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