ParkerVision, Inc. (PRKR) Releases Earnings Results, Beats Estimates By $0.03 EPS
ParkerVision, Inc. (NASDAQ:PRKR) posted its earnings results on Monday. The semiconductor company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.03, Morningstar.com reports. During the same quarter in the previous year, the business earned ($0.72) earnings per share.
ParkerVision (PRKR) traded down 2.0243% on Tuesday, hitting $2.0183. 238,141 shares of the company were exchanged. The stock’s 50-day moving average price is $1.82 and its 200-day moving average price is $2.06. The stock’s market capitalization is $35.72 million. ParkerVision has a 52-week low of $1.60 and a 52-week high of $6.15.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of ParkerVision from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $12.00 target price on shares of ParkerVision in a report on Tuesday, June 13th.
Hedge funds have recently modified their holdings of the company. Ingalls & Snyder LLC purchased a new stake in shares of ParkerVision during the first quarter valued at approximately $199,000. Vanguard Group Inc. boosted its stake in shares of ParkerVision by 23.0% in the second quarter. Vanguard Group Inc. now owns 574,253 shares of the semiconductor company’s stock valued at $1,028,000 after buying an additional 107,500 shares during the last quarter. Finally, Alden Global Capital LLC boosted its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 13.18% 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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