Pixelworks (PXLW) Trading 9.3% Higher

Pixelworks, Inc. (NASDAQ:PXLW)’s share price traded up 9.3% during trading on Friday . The stock traded as high as $6.08 and last traded at $6.02. 1,090,999 shares traded hands during trading, an increase of 188% from the average session volume of 379,095 shares. The stock had previously closed at $5.51.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Pixelworks from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a report on Thursday, December 7th. Dougherty & Co upped their target price on Pixelworks from $6.50 to $7.50 and gave the company a “buy” rating in a report on Wednesday, November 8th.

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.98 and a quick ratio of 1.72. The firm has a market cap of $206.20, a PE ratio of 33.44, a PEG ratio of 3.34 and a beta of 0.60.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $18.76 million during the quarter, compared to the consensus estimate of $18.53 million. Pixelworks had a positive return on equity of 20.65% and a negative net margin of 0.36%. The business’s revenue was up 37.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. equities research analysts anticipate that Pixelworks, Inc. will post 0.09 earnings per share for the current fiscal year.

In other news, CFO Steven L. Moore sold 74,999 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $5.88, for a total transaction of $440,994.12. Following the completion of the transaction, the chief financial officer now directly owns 496,570 shares in the company, valued at $2,919,831.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Pixelworks during the second quarter worth approximately $105,000. Macquarie Group Ltd. acquired a new stake in Pixelworks in the third quarter worth approximately $108,000. Stifel Financial Corp lifted its position in Pixelworks by 31.1% in the second quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 6,213 shares during the period. Rhumbline Advisers acquired a new stake in Pixelworks in the second quarter worth approximately $126,000. Finally, Thompson Davis & CO. Inc. lifted its position in Pixelworks by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 30,912 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 679 shares during the period. Institutional investors and hedge funds own 37.64% of the company’s stock.

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Pixelworks Company Profile

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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