Quarterhill Inc (NASDAQ:QTRH) has been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a buy rating. Quarterhill’s rating score has improved by 20% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus price objective of $2.03 for the company, according to Zacks. Zacks has also given Quarterhill an industry rank of 151 out of 255 based on the ratings given to its competitors.
Several brokerages recently issued reports on QTRH. ValuEngine upgraded Quarterhill from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Canaccord Genuity upgraded Quarterhill from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Quarterhill from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th.
Shares of QTRH opened at $1.48 on Tuesday. Quarterhill has a 12-month low of $1.01 and a 12-month high of $2.12. The firm has a market cap of $175.85 million, a P/E ratio of 2.85 and a beta of 1.03.
Quarterhill (NASDAQ:QTRH) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05). Quarterhill had a positive return on equity of 16.50% and a negative net margin of 4.30%. The firm had revenue of $20.40 million for the quarter, compared to the consensus estimate of $25.60 million. analysts predict that Quarterhill will post -0.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Friday, September 14th will be paid a dividend of $0.0096 per share. This represents a $0.04 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, September 13th. Quarterhill’s dividend payout ratio (DPR) is presently 7.69%.
A number of hedge funds have recently bought and sold shares of the business. CIBC World Markets Inc. lifted its stake in Quarterhill by 133.1% in the first quarter. CIBC World Markets Inc. now owns 101,781 shares of the company’s stock valued at $148,000 after buying an additional 58,111 shares during the last quarter. Seizert Capital Partners LLC lifted its stake in Quarterhill by 76.8% in the first quarter. Seizert Capital Partners LLC now owns 233,263 shares of the company’s stock valued at $338,000 after buying an additional 101,351 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Quarterhill by 14.7% in the second quarter. Renaissance Technologies LLC now owns 1,736,331 shares of the company’s stock valued at $1,927,000 after buying an additional 222,831 shares during the last quarter. Spark Investment Management LLC bought a new stake in Quarterhill in the first quarter valued at $374,000. Finally, Acadian Asset Management LLC lifted its stake in Quarterhill by 67.6% in the second quarter. Acadian Asset Management LLC now owns 732,537 shares of the company’s stock valued at $814,000 after buying an additional 295,400 shares during the last quarter. Institutional investors own 12.19% of the company’s stock.
Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.
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