Potomac Capital Management Inc. acquired a new stake in shares of Pixelworks, Inc. (NASDAQ:PXLW – Free Report) during the fourth quarter, Holdings Channel reports. The firm acquired 200,000 shares of the semiconductor company’s stock, valued at approximately $1,272,000. Pixelworks comprises 1.0% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding.
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Pixelworks by 2.5% during the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock valued at $3,040,000 after acquiring an additional 6,796 shares during the period. Geode Capital Management LLC increased its stake in shares of Pixelworks by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after acquiring an additional 6,172 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Pixelworks during the fourth quarter valued at approximately $280,000. F m Investments LLC acquired a new position in shares of Pixelworks during the fourth quarter valued at approximately $187,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Pixelworks during the third quarter valued at approximately $155,000. Institutional investors and hedge funds own 21.37% of the company’s stock.
Pixelworks Stock Performance
Pixelworks stock opened at $6.02 on Wednesday. The firm has a market cap of $38.29 million, a price-to-earnings ratio of -2.57 and a beta of 1.71. Pixelworks, Inc. has a 1 year low of $4.67 and a 1 year high of $15.42. The firm’s 50 day moving average price is $6.00 and its two-hundred day moving average price is $6.19.
Analyst Upgrades and Downgrades
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Insider Activity at Pixelworks
In other Pixelworks news, CEO Todd Debonis sold 12,274 shares of Pixelworks stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,398.52. Following the transaction, the chief executive officer owned 214,309 shares in the company, valued at approximately $1,281,567.82. The trade was a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Haley F. Aman sold 12,371 shares of Pixelworks stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,978.58. Following the completion of the transaction, the chief financial officer owned 68,291 shares in the company, valued at approximately $408,380.18. This trade represents a 15.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.70% of the company’s stock.
Pixelworks Profile
Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.
Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.
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