Short Interest in Pixelworks, Inc. (NASDAQ:PXLW) Grows By 54.1%

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 349,100 shares, a growth of 54.1% from the January 31st total of 226,500 shares. Based on an average daily volume of 354,500 shares, the short-interest ratio is currently 1.0 days.

Pixelworks Stock Performance

NASDAQ PXLW traded down $0.05 during trading hours on Monday, hitting $0.69. 272,864 shares of the stock were exchanged, compared to its average volume of 360,097. Pixelworks has a 12-month low of $0.61 and a 12-month high of $3.08. The stock has a 50-day moving average of $0.80 and a 200 day moving average of $0.76. The company has a market cap of $40.67 million, a price-to-earnings ratio of -1.41 and a beta of 1.65. The company has a quick ratio of 3.57, a current ratio of 4.02 and a debt-to-equity ratio of 0.03.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Pixelworks had a negative return on equity of 111.21% and a negative net margin of 66.47%. As a group, equities research analysts forecast that Pixelworks will post -0.27 earnings per share for the current year.

Insider Activity

In other Pixelworks news, CFO Haley F. Aman sold 48,854 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $0.85, for a total value of $41,525.90. Following the completion of the sale, the chief financial officer now owns 352,607 shares in the company, valued at approximately $299,715.95. The trade was a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Pixelworks during the 4th quarter valued at approximately $31,000. GSA Capital Partners LLP purchased a new position in Pixelworks in the 3rd quarter valued at approximately $91,000. Renaissance Technologies LLC raised its holdings in Pixelworks by 44.4% during the fourth quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 225,948 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Pixelworks by 29.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company’s stock worth $3,109,000 after purchasing an additional 965,889 shares in the last quarter. 21.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $1.50 target price on shares of Pixelworks in a research note on Thursday, February 13th.

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.