ParkerVision, Inc. (PRKR) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of ParkerVision, Inc. (NASDAQ:PRKR) from a sell rating to a hold rating in a report released 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. “

ParkerVision (NASDAQ:PRKR) traded up 2.4121% on Wednesday, hitting $1.6898. The stock had a trading volume of 218,985 shares. The stock’s market capitalization is $30.04 million. ParkerVision has a 1-year low of $1.43 and a 1-year high of $4.19. The company has a 50-day moving average price of $1.68 and a 200-day moving average price of $1.94.

ParkerVision (NASDAQ:PRKR) last released its earnings results on Thursday, August 17th. The semiconductor company reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.03. During the same period in the prior year, the company posted ($0.72) earnings per share. Equities analysts predict that ParkerVision will post ($0.85) earnings per share for the current year.

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An institutional investor recently raised its position in ParkerVision stock. Ingalls & Snyder LLC grew its holdings in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,200 shares of the semiconductor company’s stock after buying an additional 14,000 shares during the period. Ingalls & Snyder LLC owned 0.65% of ParkerVision worth $204,000 as of its most recent SEC filing. 12.96% of the stock is currently owned by hedge funds and other institutional investors.

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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