First Republic Investment Management Inc. bought a new position in Summit Wireless Technologies Inc (NASDAQ:WISA) in the 1st quarter, Holdings Channel reports. The fund bought 17,000 shares of the company’s stock, valued at approximately $34,000.

Separately, Vanguard Group Inc bought a new stake in Summit Wireless Technologies in the third quarter worth approximately $134,000. 1.18% of the stock is owned by institutional investors.

WISA stock opened at $1.36 on Thursday. Summit Wireless Technologies Inc has a 12 month low of $1.36 and a 12 month high of $5.61.

Summit Wireless Technologies (NASDAQ:WISA) last posted its earnings results on Tuesday, May 14th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.01). The business had revenue of $0.47 million for the quarter.

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About Summit Wireless Technologies

Summit Wireless Technologies, Inc develops wireless audio integrated circuits for home entertainment and professional audio markets in the United States, Europe, and the Asia Pacific. The company offers TX modules for TVs, AV receivers, media hubs, and small dongles that connect through USB or HDMI ports; and speaker systems.

Further Reading: Using other technical indicators with support levels

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