Pixelworks, Inc. (NASDAQ:PXLW – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.09 and traded as high as $7.17. Pixelworks shares last traded at $6.91, with a volume of 30,272 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings raised Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Two 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.com, Pixelworks presently has a consensus rating of “Hold” and a consensus price target of $16.00.
Get Our Latest Stock Analysis on Pixelworks
Pixelworks Stock Performance
Pixelworks (NASDAQ:PXLW – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share for the quarter. The company had revenue of $0.06 million for the quarter. Equities analysts predict that Pixelworks, Inc. will post -1.58 earnings per share for the current year.
Insider Transactions at Pixelworks
In other news, CFO Haley F. Aman sold 8,157 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $54,978.18. Following the transaction, the chief financial officer directly owned 94,134 shares in the company, valued at $634,463.16. The trade was a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd Debonis sold 7,917 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $53,360.58. Following the completion of the transaction, the chief executive officer directly owned 256,392 shares in the company, valued at $1,728,082.08. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.70% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Pixelworks
A number of large investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Pixelworks during the 4th quarter worth $73,000. Susquehanna International Group LLP acquired a new position in shares of Pixelworks during the third quarter valued at about $155,000. F m Investments LLC purchased a new stake in shares of Pixelworks in the fourth quarter worth approximately $187,000. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Pixelworks by 26.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 7,904 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in Pixelworks in the 4th quarter valued at about $280,000. 21.37% of the stock is currently owned by institutional investors and hedge funds.
Pixelworks Company 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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