Roth Capital Lowers Pixelworks (NASDAQ:PXLW) Price Target to $12.00

Pixelworks (NASDAQ:PXLW) had its price objective lowered by equities research analysts at Roth Capital from $15.00 to $12.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Roth Capital’s price objective would indicate a potential upside of 88.38% from the company’s previous close.

A number of other research firms also recently weighed in on PXLW. UBS Group reiterated a “buy” rating on shares of Pixelworks in a report on Wednesday, October 15th. Needham & Company LLC dropped their price target on Pixelworks from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pixelworks in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Pixelworks from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Pixelworks has an average rating of “Moderate Buy” and an average target price of $14.25.

Pixelworks Stock Up 3.9%

Shares of NASDAQ PXLW opened at $6.37 on Wednesday. The firm has a fifty day simple moving average of $9.54 and a two-hundred day simple moving average of $8.36. Pixelworks has a 12 month low of $4.67 and a 12 month high of $15.42. The company has a current ratio of 2.80, a quick ratio of 2.35 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $40.09 million, a PE ratio of -1.14 and a beta of 1.73.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported ($0.79) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.86) by $0.07. Pixelworks had a negative net margin of 82.36% and a negative return on equity of 300.58%. Equities analysts expect that Pixelworks will post -0.27 earnings per share for the current year.

Hedge Funds Weigh In On Pixelworks

An institutional investor recently raised its position in Pixelworks stock. Baird Financial Group Inc. boosted its position in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 7.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,571,669 shares of the semiconductor company’s stock after purchasing an additional 309,594 shares during the quarter. Baird Financial Group Inc. owned about 7.50% of Pixelworks worth $2,866,000 at the end of the most recent reporting period. 21.37% of the stock is owned by institutional investors.

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.