ParkerVision, Inc. (NASDAQ:PRKR) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of ParkerVision, Inc. (NASDAQ:PRKR) from a sell rating to a hold rating in a research note released on Wednesday, October 18th.

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. “

Shares of ParkerVision (PRKR) traded up 1.28% on Wednesday, hitting $1.58. The stock had a trading volume of 15,765 shares. The stock has a 50 day moving average of $1.63 and a 200 day moving average of $1.92. The firm’s market cap is $28.09 million. ParkerVision has a 12-month low of $1.43 and a 12-month high of $3.97.

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

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A hedge fund recently raised its stake in ParkerVision stock. Vanguard Group Inc. lifted its holdings in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 23.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 574,253 shares of the semiconductor company’s stock after purchasing an additional 107,500 shares during the quarter. Vanguard Group Inc. owned approximately 3.24% of ParkerVision worth $1,028,000 as of its most recent SEC filing. Hedge funds and other 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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