Pixelworks (NASDAQ:PXLW) Stock Price Crosses Above 200 Day Moving Average of $1.74

Pixelworks, Inc. (NASDAQ:PXLW)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.74 and traded as high as $1.83. Pixelworks shares last traded at $1.80, with a volume of 390,703 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on PXLW shares. StockNews.com raised Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Needham & Company LLC raised their target price on shares of Pixelworks from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, February 9th.

Pixelworks Price Performance

The business’s 50 day moving average is $2.56 and its 200 day moving average is $1.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.94 and a current ratio of 5.26.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Thursday, February 8th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). Pixelworks had a negative return on equity of 60.87% and a negative net margin of 43.86%. The company had revenue of $20.07 million during the quarter, compared to the consensus estimate of $20.00 million. On average, sell-side analysts anticipate that Pixelworks, Inc. will post -0.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Todd Debonis sold 56,412 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $2.56, for a total value of $144,414.72. Following the completion of the transaction, the chief executive officer now owns 1,565,065 shares in the company, valued at approximately $4,006,566.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Pixelworks news, CFO Haley F. Aman sold 17,926 shares of Pixelworks stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $2.56, for a total transaction of $45,890.56. Following the transaction, the chief financial officer now owns 320,536 shares of the company’s stock, valued at $820,572.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Todd Debonis sold 56,412 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $2.56, for a total value of $144,414.72. Following the completion of the sale, the chief executive officer now directly owns 1,565,065 shares of the company’s stock, valued at $4,006,566.40. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Pixelworks

Several institutional investors and hedge funds have recently bought and sold shares of the business. Traynor Capital Management Inc. purchased a new position in Pixelworks during the 1st quarter worth $39,000. Vanguard Group Inc. grew its holdings in shares of Pixelworks by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,541,125 shares of the semiconductor company’s stock worth $4,639,000 after buying an additional 21,906 shares during the last quarter. UBS Group AG increased its position in Pixelworks by 17.0% in the 4th quarter. UBS Group AG now owns 240,214 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 34,970 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Pixelworks during the 4th quarter valued at approximately $255,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Pixelworks by 22.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,096 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 14,610 shares during the last quarter. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.