Potomac Capital Management Inc. Invests $1.27 Million in Pixelworks, Inc. $PXLW

Potomac Capital Management Inc. purchased a new position in shares of Pixelworks, Inc. (NASDAQ:PXLW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the semiconductor company’s stock, valued at approximately $1,272,000. Pixelworks comprises approximately 1.0% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Potomac Capital Management Inc. owned about 3.18% of Pixelworks as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of PXLW. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Pixelworks during the fourth quarter worth about $280,000. F m Investments LLC bought a new position in shares of Pixelworks during the fourth quarter worth about $187,000. Susquehanna International Group LLP bought a new position in Pixelworks in the third quarter worth about $155,000. Magnus Financial Group LLC bought a new position in Pixelworks in the fourth quarter worth about $80,000. Finally, Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 6,796 shares during the last quarter. Institutional investors own 21.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Pixelworks in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Pixelworks currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Pixelworks Stock Down 7.0%

Shares of NASDAQ PXLW opened at $6.02 on Wednesday. The firm’s 50-day moving average price is $6.00 and its two-hundred day moving average price is $6.19. The stock has a market capitalization of $38.29 million, a P/E ratio of -2.57 and a beta of 1.71. Pixelworks, Inc. has a 52-week low of $4.67 and a 52-week high of $15.42.

Insider Buying and Selling

In other news, CFO Haley F. Aman sold 12,371 shares of Pixelworks stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,978.58. Following the sale, the chief financial officer owned 68,291 shares of the company’s stock, valued at approximately $408,380.18. The trade was a 15.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Todd Debonis sold 12,274 shares of Pixelworks stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,398.52. Following the sale, the chief executive officer directly owned 214,309 shares in the company, valued at approximately $1,281,567.82. This trade represents a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.70% of the company’s stock.

Pixelworks Profile

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.