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 research report issued on Wednesday.
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 report on Tuesday, June 13th.
Shares of ParkerVision (NASDAQ:PRKR) traded down 0.53% during trading on Wednesday, hitting $1.89. The stock had a trading volume of 98,661 shares. ParkerVision has a one year low of $1.60 and a one year high of $5.06. The firm’s market cap is $33.60 million. The firm’s 50-day moving average is $1.87 and its 200-day moving average is $2.03.
ParkerVision (NASDAQ:PRKR) last announced its earnings results on Thursday, August 17th. The semiconductor company reported ($0.21) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.03. During the same period in the prior year, the firm posted ($0.72) EPS. Equities research analysts forecast that ParkerVision will post ($0.85) EPS for the current year.
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A number of large investors have recently made changes to their positions in PRKR. Alden Global Capital LLC raised its holdings in ParkerVision by 84.4% during the first quarter. Alden Global Capital LLC now owns 1,092,633 shares of the semiconductor company’s stock worth $2,174,000 after purchasing an additional 500,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in ParkerVision by 23.0% during the second quarter. Vanguard Group Inc. now owns 574,253 shares of the semiconductor company’s stock worth $1,028,000 after purchasing an additional 107,500 shares in the last quarter. Finally, Ingalls & Snyder LLC bought a new stake in ParkerVision during the first quarter worth approximately $199,000. 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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