Brokerages Set Pixelworks, Inc. (PXLW) Target Price at $7.75

Shares of Pixelworks, Inc. (NASDAQ:PXLW) have been given an average rating of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.75.

Several brokerages recently commented on PXLW. Northland Securities began coverage on Pixelworks in a research report on Wednesday, September 5th. They set an “outperform” rating and a $8.50 target price on the stock. Zacks Investment Research lowered Pixelworks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 4th.

Several institutional investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. boosted its position in shares of Pixelworks by 74.3% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 42,475 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 18,106 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Pixelworks by 391.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,000 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 22,300 shares in the last quarter. UBS Group AG boosted its position in shares of Pixelworks by 16.9% during the 1st quarter. UBS Group AG now owns 154,687 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 22,395 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of Pixelworks by 12.1% during the 2nd quarter. Cadence Capital Management LLC now owns 294,467 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 31,692 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Pixelworks during the 2nd quarter valued at about $116,000. Institutional investors own 33.60% of the company’s stock.

NASDAQ PXLW opened at $4.09 on Thursday. Pixelworks has a 12 month low of $3.15 and a 12 month high of $7.05. The stock has a market capitalization of $145.45 million, a price-to-earnings ratio of 40.90 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.71 and a current ratio of 1.89.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Pixelworks had a negative net margin of 15.98% and a negative return on equity of 9.60%. The company had revenue of $19.25 million during the quarter, compared to the consensus estimate of $18.50 million. Equities research analysts expect that Pixelworks will post -0.05 EPS for the current year.

Pixelworks Company Profile

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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