Pixelworks (NASDAQ:PXLW) CEO Sells 7,917 Shares of Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 7,917 shares of Pixelworks stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $53,360.58. Following the transaction, the chief executive officer directly owned 256,392 shares of the company’s stock, valued at $1,728,082.08. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Pixelworks Stock Performance

PXLW stock traded up $0.27 during mid-day trading on Thursday, reaching $6.87. 47,948 shares of the stock traded hands, compared to its average volume of 65,014. Pixelworks, Inc. has a one year low of $4.84 and a one year high of $15.42. The stock has a market capitalization of $41.56 million, a PE ratio of -4.21 and a beta of 1.75. The business has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $6.05.

Pixelworks (NASDAQ:PXLW) last released its earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share (EPS) for the quarter. The firm had revenue of $0.06 million for the quarter. On average, equities analysts expect that Pixelworks, Inc. will post -1.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pixelworks

Several hedge funds have recently modified their holdings of PXLW. Vanguard Group Inc. raised its stake in shares of Pixelworks by 2.5% in the third 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 last quarter. Susquehanna International Group LLP purchased a new stake in Pixelworks in the third quarter valued at approximately $155,000. F m Investments LLC acquired a new position in Pixelworks in the 4th quarter worth approximately $187,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Pixelworks in the 4th quarter worth approximately $280,000. Finally, Geode Capital Management LLC raised its position in Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after buying an additional 6,172 shares during the last quarter. Institutional investors and hedge funds own 21.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.00.

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.