Roth Capital Cuts Pixelworks (NASDAQ:PXLW) Price Target to $12.00

Pixelworks (NASDAQ:PXLW) had its price target trimmed by Roth Capital from $15.00 to $12.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other analysts also recently issued reports on PXLW. Wall Street Zen raised shares of Pixelworks from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Needham & Company LLC lowered their target price on shares of Pixelworks from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. UBS Group restated a “buy” rating on shares of Pixelworks in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pixelworks in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Pixelworks Stock Performance

Shares of PXLW stock opened at $6.28 on Wednesday. Pixelworks has a 52-week low of $4.67 and a 52-week high of $15.42. The company has a quick ratio of 2.35, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. The stock has a market cap of $39.52 million, a PE ratio of -1.12 and a beta of 1.73. The business has a 50-day simple moving average of $9.42 and a 200-day simple moving average of $8.34.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported ($0.69) earnings per share for the quarter, beating the consensus estimate of ($0.86) by $0.17. Pixelworks had a negative return on equity of 300.58% and a negative net margin of 82.36%.The company had revenue of $8.77 million during the quarter, compared to analysts’ expectations of $9.00 million. On average, equities analysts expect that Pixelworks will post -0.27 EPS for the current year.

Institutional Trading of Pixelworks

A hedge fund recently raised its stake in Pixelworks stock. Baird Financial Group Inc. increased its position in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,571,669 shares of the semiconductor company’s stock after purchasing an additional 309,594 shares during the quarter. Baird Financial Group Inc. owned approximately 7.50% of Pixelworks worth $2,866,000 as of its most recent filing with the SEC. 21.37% of the stock is currently owned by institutional investors.

About Pixelworks

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.