Pixelworks (NASDAQ:PXLW) Issues Earnings Results

Pixelworks (NASDAQ:PXLW) released its quarterly earnings results on Tuesday. The semiconductor company reported ($0.79) EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.07, Zacks reports. Pixelworks had a negative return on equity of 300.58% and a negative net margin of 82.36%.

Pixelworks Trading Up 1.3%

Shares of Pixelworks stock opened at $6.45 on Wednesday. The firm has a market cap of $40.59 million, a price-to-earnings ratio of -1.15 and a beta of 1.73. Pixelworks has a 52-week low of $4.67 and a 52-week high of $15.42. The company’s 50-day simple moving average is $9.54 and its 200-day simple moving average is $8.36. The company has a quick ratio of 2.35, a current ratio of 2.80 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

PXLW has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Pixelworks in a report on Wednesday, October 8th. Needham & Company LLC decreased their price target on shares of Pixelworks from $18.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Wall Street Zen upgraded Pixelworks from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group reiterated a “buy” rating on shares of Pixelworks in a research note on Wednesday, October 15th. Finally, Roth Capital dropped their price objective on shares of Pixelworks from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.25.

Institutional Trading of Pixelworks

A hedge fund recently raised its stake in Pixelworks stock. Vanguard Group Inc. boosted its holdings in Pixelworks, Inc. (NASDAQ:PXLW) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 277,394 shares of the semiconductor company’s stock after acquiring an additional 6,796 shares during the period. Vanguard Group Inc. owned 4.41% of Pixelworks worth $3,040,000 as of its most recent filing with the Securities and Exchange Commission. 21.37% of the stock is owned by hedge funds and other institutional investors.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.