Pixelworks, Inc. (NASDAQ:PXLW – Get Free Report) CEO Todd Debonis sold 7,917 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $53,360.58. Following the transaction, the chief executive officer directly owned 256,392 shares of the company’s stock, valued at approximately $1,728,082.08. This trade represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Pixelworks Price Performance
NASDAQ:PXLW traded up $0.27 during mid-day trading on Thursday, hitting $6.87. The company’s stock had a trading volume of 47,948 shares, compared to its average volume of 65,014. The business’s fifty day moving average is $6.20 and its two-hundred day moving average is $6.05. The stock has a market cap of $41.56 million, a price-to-earnings ratio of -4.21 and a beta of 1.75. Pixelworks, Inc. has a 1 year low of $4.84 and a 1 year high of $15.42.
Pixelworks (NASDAQ:PXLW – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share for the quarter. The business had revenue of $0.06 million during the quarter. Analysts anticipate that Pixelworks, Inc. will post -1.39 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PXLW. XTX Topco Ltd acquired a new position in shares of Pixelworks in the fourth quarter worth about $73,000. Susquehanna International Group LLP purchased a new position in shares of Pixelworks in the 3rd quarter valued at about $155,000. F m Investments LLC acquired a new position in Pixelworks in the 4th quarter worth about $187,000. Emerald Mutual Fund Advisers Trust boosted its position 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. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in Pixelworks in the fourth quarter valued at approximately $280,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.
About Pixelworks
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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