Intellectual property is big bucks for both large and small companies. For one smaller company, called ParkerVision, Inc. (NASDAQ:PRKR), with a market capital of just $18.82 million, the idea of challenging the big dogs in the industry could mean benefits to their shareholders’ pockets.
This was seen today as ParkerVision, Inc. (NASDAQ:PRKR) has filed a complaint with the International Trade Commission and Florida District Court that their inventions are being used by Apple (NASDAQ:AAPL), as well as Samsung and LG in their mobile devices. The patents (U.S. Patent Nos. 6,879,817, 7,929,638, 8,571,135 and 9,118,528) apparently deal with radio frequency tech.
The complaint includes devices such as the iPhone 6 and iPhone 6s, as well as other popular Apple products. This comes at a time when ParkerVision’s (NASDAQ:PRKR) numbers are looking poor, but apparently has given shareholders a little bit of hope.
The stock is up 37.44% or $0.068 following the news, hitting $0.25 per share. About 1.10M shares traded hands or up 206.21% from the average. PRKR has declined 52.63% since May 14, 2015 and is currently downtrending. It has underperformed the S&P500 by 50.37%.
The institutional sentiment decreased to 0.24 in Q2 2015. It’s down 0.61, from 0.85 in 2015Q2. The ratio dived, as 19 funds sold all their ParkerVision, Inc. shares they owned while 14 reduced their positions. 4 funds bought stakes while 4 increased their total positions. Institutions now own 22.29 million shares which is 19.80% less than the previous share count of 27.79 million in 2015Q2.
Awm Investment Company Inc. holds 0.08% of its total portfolio in ParkerVision, Inc., equating to 2.07 million shares. Concourse Capital Management Llc owns 195,195 shares representing 0.02% of their total US portfolio. Moreover, Msd Partners L.P. has 0.01% of their total portfolio invested in the company, equating to 2.38 million shares. The North Carolina-based Bank Of America Corp De has a total of 0% of their portfolio invested in the stock. Bank Of Montreal Can, a Ontario – Canada-based fund reported 657 shares owned.
ParkerVision, Inc. is engaged in the designing, developing and marketing of its radio frequency technologies and products. The company has a market cap of $18.82 million. The Company’s products are used in semiconductor circuits for wireless communication products. It currently has negative earnings. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications.