A number of other brokerages have also weighed in on PXLW. Zacks Investment Research lowered shares of Pixelworks from a hold rating to a sell rating in a report on Tuesday, November 14th. Dougherty & Co boosted their price objective on shares of Pixelworks from $6.50 to $7.50 and gave the company a buy rating in a report on Wednesday, November 8th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $6.81.
Shares of Pixelworks (PXLW) traded up $0.16 on Tuesday, hitting $6.74. 367,200 shares of the stock were exchanged, compared to its average volume of 333,400. The stock has a market capitalization of $230.86, a price-to-earnings ratio of 36.56 and a beta of 0.60. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.20. Pixelworks has a 12-month low of $2.80 and a 12-month high of $6.86.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $18.76 million for the quarter, compared to analyst estimates of $18.53 million. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) earnings per share. equities research analysts forecast that Pixelworks will post 0.09 EPS for the current fiscal year.
In other news, CFO Steven L. Moore sold 74,999 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total transaction of $440,994.12. Following the sale, the chief financial officer now directly owns 496,570 shares of the company’s stock, valued at $2,919,831.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Pixelworks in the second quarter valued at $105,000. Macquarie Group Ltd. purchased a new stake in Pixelworks in the third quarter valued at $108,000. Stifel Financial Corp boosted its holdings in Pixelworks by 31.1% in the second quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 6,213 shares during the last quarter. Rhumbline Advisers purchased a new stake in Pixelworks in the second quarter valued at $126,000. Finally, Thompson Davis & CO. Inc. boosted its holdings in Pixelworks by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 30,912 shares of the semiconductor company’s stock valued at $142,000 after purchasing an additional 679 shares during the last quarter. 37.64% of the stock is currently owned by institutional investors.
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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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