Shares of Pixelworks, Inc. (NASDAQ:PXLW) saw unusually-high trading volume on Thursday . Approximately 751,727 shares changed hands during trading, an increase of 123% from the previous session’s volume of 336,428 shares.The stock last traded at $6.93 and had previously closed at $6.49.
PXLW has been the subject of several analyst reports. Zacks Investment Research lowered shares of Pixelworks from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Roth Capital restated a “buy” rating and set a $8.00 price target on shares of Pixelworks in a report on Tuesday, January 2nd. Finally, Dougherty & Co raised their price objective on shares of Pixelworks from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $6.81.
The firm has a market cap of $237.37, a PE ratio of 38.50 and a beta of 0.60. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.20.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05. The company had revenue of $18.76 million during the quarter, compared to the consensus estimate of $18.53 million. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The company’s quarterly revenue was up 37.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. sell-side analysts anticipate that Pixelworks, Inc. will post 0.09 EPS for the current year.
In other news, CFO Steven L. Moore sold 74,999 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total transaction of $440,994.12. Following the completion of the sale, the chief financial officer now owns 496,570 shares of the company’s stock, valued at approximately $2,919,831.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PXLW. GSA Capital Partners LLP acquired a new stake in Pixelworks in the 2nd quarter valued at $105,000. Macquarie Group Ltd. acquired a new stake in Pixelworks in the 3rd quarter valued at $108,000. Stifel Financial Corp grew its position in Pixelworks by 31.1% in the 2nd quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 6,213 shares during the period. Rhumbline Advisers acquired a new stake in Pixelworks in the 2nd quarter valued at $126,000. Finally, SG Americas Securities LLC acquired a new stake in Pixelworks in the 3rd quarter valued at $179,000. 37.64% of the stock is owned by institutional investors and hedge funds.
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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