News articles about Pixelworks (NASDAQ:PXLW) have trended positive this week, according to AlphaOne. AlphaOne, a unit of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pixelworks earned a media sentiment score of 0.41 on AlphaOne’s scale. AlphaOne also gave media stories about the semiconductor company an impact score of 71 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected AlphaOne’s analysis:
- Pixelworks (PXLW) to Acquire ViXS Systems in $20.2M Deal (streetinsider.com)
- Pixelworks to Acquire ViXS Systems (finance.yahoo.com)
- The Pixelworks, Inc. (PXLW) Expected to Post Quarterly Sales of $20.63 Million – BangaloreWeekly (bangaloreweekly.com)
- The Third Generation Iris Display Processor For Tablets And Smartphones Are The Latest To Be Launched By Pixelworks, Inc (NASDAQ:PXLW), Sources Reveal (wallstreetpr.com)
- The $0.06 Earnings Per Share Expected for Pixelworks, Inc. (PXLW) This Quarter – BangaloreWeekly (bangaloreweekly.com)
Pixelworks (NASDAQ:PXLW) opened at 5.48 on Friday. The stock has a market cap of $161.98 million, a PE ratio of 456.67 and a beta of 0.55. The firm has a 50-day moving average of $4.93 and a 200-day moving average of $3.78. Pixelworks has a 1-year low of $1.68 and a 1-year high of $6.22.
Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $22.70 million for the quarter, compared to analyst estimates of $22.49 million. Pixelworks had a negative return on equity of 38.07% and a negative net margin of 20.80%. The firm’s revenue was up 102.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) earnings per share. Analysts expect that Pixelworks will post $0.21 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Pixelworks from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Thursday, February 9th. Lake Street Capital raised shares of Pixelworks from a “hold” rating to a “buy” rating and upped their target price for the stock from $3.00 to $4.00 in a report on Friday, February 3rd. Finally, TheStreet raised shares of Pixelworks from a “d” rating to a “c” rating in a research note on Friday, April 28th.
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In other news, Director David J. Tupman sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $5.49, for a total value of $32,940.00. Following the transaction, the director now owns 44,139 shares of the company’s stock, valued at $242,323.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.70% of the company’s stock.
Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.
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