StockNews.com initiated coverage on shares of Pixelworks (NASDAQ:PXLW – Get Rating) in a report released on Thursday morning. The firm issued a hold rating on the semiconductor company’s stock.
Separately, Needham & Company LLC increased their price target on Pixelworks from $4.00 to $4.20 and gave the stock a buy rating in a report on Friday, February 10th.
Pixelworks Price Performance
PXLW opened at $1.39 on Thursday. Pixelworks has a twelve month low of $1.34 and a twelve month high of $3.21. The company has a current ratio of 5.78, a quick ratio of 5.64 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $1.82 and its two-hundred day moving average is $1.65.
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. increased its holdings in Pixelworks by 14.5% during the fourth quarter. Baird Financial Group Inc. now owns 2,640,100 shares of the semiconductor company’s stock worth $4,673,000 after buying an additional 334,613 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Pixelworks by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,132,584 shares of the semiconductor company’s stock valued at $6,333,000 after purchasing an additional 39,058 shares during the period. Dimensional Fund Advisors LP lifted its stake in Pixelworks by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 923,604 shares of the semiconductor company’s stock valued at $2,743,000 after purchasing an additional 19,526 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Pixelworks by 8.4% during the second quarter. Renaissance Technologies LLC now owns 921,200 shares of the semiconductor company’s stock worth $1,759,000 after purchasing an additional 71,000 shares during the period. Finally, Millennium Management LLC increased its position in Pixelworks by 750.9% during the fourth quarter. Millennium Management LLC now owns 493,978 shares of the semiconductor company’s stock worth $874,000 after buying an additional 435,926 shares during the last quarter. Institutional investors and hedge funds own 23.66% of the company’s stock.
Pixelworks Company Profile
Pixelworks, Inc engages in the design and development of integrated circuits used in electronic display devices. It offers consumer electronics and professional display products, video delivery, and streaming solutions for content service providers. Its product categories consist of ImageProcessor integrated circuits (ICs), video co-processor ICs, and transcode ICs.
- Get a free copy of the StockNews.com research report on Pixelworks (PXLW)
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