Intellectus Partners LLC lessened its stake in Pixelworks, Inc. (NASDAQ:PXLW) by 17.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,204 shares of the semiconductor company’s stock after selling 8,000 shares during the quarter. Intellectus Partners LLC owned 0.13% of Pixelworks worth $175,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in PXLW. GSA Capital Partners LLP acquired a new position in Pixelworks during the second quarter worth $105,000. Bank of New York Mellon Corp boosted its holdings in Pixelworks by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 855 shares during the last quarter. Stifel Financial Corp boosted its holdings in Pixelworks by 31.1% during the second quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 6,213 shares during the last quarter. Rhumbline Advisers acquired a new position in Pixelworks during the second quarter worth $126,000. Finally, Thompson Davis & CO. Inc. boosted its holdings in Pixelworks by 2.2% during the second quarter. Thompson Davis & CO. Inc. now owns 30,912 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 679 shares during the last quarter. Institutional investors own 33.66% of the company’s stock.
In related news, Director C Scott Gibson sold 11,000 shares of Pixelworks stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $4.61, for a total value of $50,710.00. Following the completion of the sale, the director now owns 91,709 shares of the company’s stock, valued at approximately $422,778.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.50% of the company’s stock.
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Shares of Pixelworks, Inc. (NASDAQ:PXLW) traded down 0.8248% on Friday, reaching $5.2067. 57,899 shares of the company traded hands. The firm has a 50-day moving average price of $4.83 and a 200 day moving average price of $4.82. Pixelworks, Inc. has a one year low of $2.17 and a one year high of $6.22. The company has a market capitalization of $176.00 million, a PE ratio of 50.5505 and a beta of 0.72.
Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. Pixelworks had a net margin of 4.35% and a return on equity of 20.00%. The business had revenue of $20.72 million during the quarter, compared to the consensus estimate of $20.50 million. During the same quarter last year, the firm posted ($0.03) EPS. Pixelworks’s revenue was up 64.7% compared to the same quarter last year. Equities analysts forecast that Pixelworks, Inc. will post $0.16 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th.
Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.
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