Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Pixelworks from a buy rating to a hold rating in a research note on Wednesday. TheStreet downgraded shares of Pixelworks from a c rating to a d+ rating in a research note on Friday, August 2nd.
NASDAQ:PXLW opened at $4.23 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 2.77 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $3.59 and its two-hundred day moving average is $3.46. Pixelworks has a 1-year low of $2.60 and a 1-year high of $5.01.
Pixelworks (NASDAQ:PXLW) last posted its earnings results on Thursday, August 1st. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $18.03 million for the quarter, compared to analyst estimates of $18.00 million. Pixelworks had a negative net margin of 5.07% and a negative return on equity of 9.25%. Equities research analysts predict that Pixelworks will post -0.22 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. increased its stake in Pixelworks by 634.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 164,680 shares of the semiconductor company’s stock worth $486,000 after buying an additional 142,249 shares during the period. Worth Venture Partners LLC increased its position in shares of Pixelworks by 1.4% in the 2nd quarter. Worth Venture Partners LLC now owns 233,880 shares of the semiconductor company’s stock valued at $690,000 after purchasing an additional 3,252 shares during the last quarter. Algert Global LLC increased its position in shares of Pixelworks by 75.2% in the 2nd quarter. Algert Global LLC now owns 62,653 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 26,901 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Pixelworks by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,534,922 shares of the semiconductor company’s stock valued at $4,528,000 after purchasing an additional 11,000 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Pixelworks by 1.9% in the 2nd quarter. BlackRock Inc. now owns 741,909 shares of the semiconductor company’s stock valued at $2,188,000 after purchasing an additional 13,751 shares during the last quarter. 31.20% of the stock is currently owned by hedge funds and other institutional investors.
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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