Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Down 41.1% in May

Pixelworks, Inc. (NASDAQ:PXLWGet Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 130,209 shares, a decrease of 41.1% from the May 14th total of 220,916 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 171,344 shares, the short-interest ratio is presently 0.8 days.

Pixelworks Stock Down 7.4%

Pixelworks stock traded down $0.51 during trading on Tuesday, reaching $6.40. The stock had a trading volume of 159,853 shares, compared to its average volume of 75,599. Pixelworks has a 52-week low of $4.84 and a 52-week high of $15.42. The business has a 50 day moving average price of $6.12 and a 200 day moving average price of $6.20. The stock has a market cap of $40.70 million, a PE ratio of -2.74 and a beta of 1.71.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pixelworks presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Get Our Latest Stock Report on Pixelworks

Insider Transactions at Pixelworks

In other news, CEO Todd Debonis sold 12,274 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $5.98, for a total transaction of $73,398.52. Following the sale, the chief executive officer owned 214,309 shares of the company’s stock, valued at approximately $1,281,567.82. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Haley F. Aman sold 12,371 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,978.58. Following the sale, the chief financial officer directly owned 68,291 shares in the company, valued at $408,380.18. This represents a 15.34% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Pixelworks by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 6,172 shares in the last quarter. Vanguard Group Inc. raised its holdings in Pixelworks by 2.5% during the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after purchasing an additional 6,796 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 7,904 shares in the last quarter. XTX Topco Ltd acquired a new stake in Pixelworks during the fourth quarter worth approximately $73,000. Finally, Magnus Financial Group LLC acquired a new stake in Pixelworks during the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

About Pixelworks

(Get Free Report)

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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