Pixelworks, Inc. (NASDAQ:PXLW) Given Average Rating of “Moderate Buy” by Analysts

Pixelworks, Inc. (NASDAQ:PXLW) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.25.

Several analysts recently commented on the stock. Wall Street Zen raised shares of Pixelworks from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Roth Capital cut their price objective on Pixelworks from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Pixelworks in a research note on Wednesday, October 8th. Finally, UBS Group restated a “buy” rating on shares of Pixelworks in a report on Wednesday, October 15th.

Pixelworks Trading Up 7.5%

Shares of Pixelworks stock opened at $6.84 on Monday. The business has a fifty day simple moving average of $6.45 and a 200-day simple moving average of $8.47. Pixelworks has a fifty-two week low of $4.67 and a fifty-two week high of $15.42. The firm has a market cap of $43.02 million, a price-to-earnings ratio of -1.45 and a beta of 1.61. The company has a quick ratio of 2.27, a current ratio of 2.59 and a debt-to-equity ratio of 0.50.

Pixelworks (NASDAQ:PXLW) last released its earnings results on Wednesday, November 12th. The semiconductor company reported ($0.69) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.17. Pixelworks had a negative return on equity of 490.11% and a negative net margin of 73.07%.The firm had revenue of $8.77 million for the quarter, compared to analyst estimates of $9.00 million. On average, equities analysts forecast that Pixelworks will post -0.27 EPS for the current fiscal year.

Institutional Trading of Pixelworks

Hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new position in shares of Pixelworks in the third quarter worth approximately $155,000. Vanguard Group Inc. boosted its stake in Pixelworks by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after purchasing an additional 6,796 shares during the period. Finally, Baird Financial Group Inc. grew its position in Pixelworks by 7.3% during the 1st quarter. Baird Financial Group Inc. now owns 4,571,669 shares of the semiconductor company’s stock worth $2,866,000 after purchasing an additional 309,594 shares in the last quarter. 21.37% of the stock is owned by hedge funds and other institutional investors.

About Pixelworks

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.