News stories about Pixelworks (NASDAQ:PXLW) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pixelworks earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.9556483673927 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Pixelworks (PXLW) traded down 1.14% during trading on Friday, reaching $5.19. The company’s stock had a trading volume of 151,175 shares. Pixelworks has a 12 month low of $2.17 and a 12 month high of $6.22. The company’s 50-day moving average is $4.72 and its 200-day moving average is $4.80. The company has a market capitalization of $175.44 million, a P/E ratio of 50.39 and a beta of 0.72.
Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $20.72 million during the quarter, compared to analyst estimates of $20.50 million. Pixelworks had a net margin of 4.35% and a return on equity of 20.00%. Pixelworks’s revenue for the quarter was up 64.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) earnings per share. On average, analysts forecast that Pixelworks will post $0.16 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th.
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In related news, Director C Scott Gibson sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $4.61, for a total value of $50,710.00. Following the completion of the sale, the director now owns 91,709 shares of the company’s stock, valued at $422,778.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.50% 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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