Resonant Inc (RESN) Shares Bought by Sigma Planning Corp

Sigma Planning Corp raised its stake in shares of Resonant Inc (NASDAQ:RESN) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,350 shares of the semiconductor company’s stock after purchasing an additional 14,350 shares during the period. Sigma Planning Corp owned 0.65% of Resonant worth $233,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in Resonant during the fourth quarter worth approximately $45,000. Northern Trust Corp increased its position in shares of Resonant by 122.2% in the second quarter. Northern Trust Corp now owns 47,423 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 26,076 shares in the last quarter. BlackRock Inc. increased its position in shares of Resonant by 107.5% in the second quarter. BlackRock Inc. now owns 67,870 shares of the semiconductor company’s stock worth $383,000 after acquiring an additional 35,159 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Resonant by 3.7% in the third quarter. Baird Financial Group Inc. now owns 614,330 shares of the semiconductor company’s stock worth $2,365,000 after acquiring an additional 21,886 shares in the last quarter. 19.61% of the stock is owned by hedge funds and other institutional investors.

RESN has been the subject of several recent research reports. Loop Capital dropped their price objective on shares of Resonant to $7.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. They noted that the move was a valuation call. National Securities set a $8.00 price objective on shares of Resonant and gave the stock a “buy” rating in a research report on Wednesday, November 14th. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Finally, Zacks Investment Research lowered shares of Resonant from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Resonant currently has a consensus rating of “Buy” and a consensus price target of $6.83.

In other news, Director John E. Major purchased 66,758 shares of the stock in a transaction that occurred on Monday, December 17th. The stock was acquired at an average cost of $1.45 per share, with a total value of $96,799.10. Following the acquisition, the director now owns 123,242 shares in the company, valued at $178,700.90. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George B. Holmes sold 20,712 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total transaction of $35,210.40. Following the sale, the chief executive officer now directly owns 281,366 shares of the company’s stock, valued at $478,322.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,753 shares of company stock valued at $80,311. Company insiders own 11.70% of the company’s stock.

Resonant stock opened at $3.23 on Tuesday. Resonant Inc has a 52-week low of $0.92 and a 52-week high of $6.32. The firm has a market capitalization of $86.69 million, a PE ratio of -2.56 and a beta of 2.74.

Resonant (NASDAQ:RESN) last released its quarterly earnings results on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.17). The business had revenue of $0.12 million during the quarter, compared to analyst estimates of $0.50 million. Resonant had a negative net margin of 4,630.51% and a negative return on equity of 80.75%. Research analysts forecast that Resonant Inc will post -0.89 EPS for the current fiscal year.

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Resonant Company Profile

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

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Institutional Ownership by Quarter for Resonant (NASDAQ:RESN)

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