Pixelworks, Inc. (NASDAQ:PXLW) Sees Large Drop in Short Interest

Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 130,209 shares, a decline of 41.1% from the May 14th total of 220,916 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 171,344 shares, the days-to-cover ratio is presently 0.8 days.

Pixelworks Stock Performance

Shares of Pixelworks stock traded down $0.13 on Monday, reaching $6.91. The stock had a trading volume of 95,746 shares, compared to its average volume of 133,890. The business’s 50-day moving average price is $6.12 and its two-hundred day moving average price is $6.20. Pixelworks has a fifty-two week low of $4.84 and a fifty-two week high of $15.42. The stock has a market cap of $43.95 million, a P/E ratio of -2.95 and a beta of 1.71.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Pixelworks has an average rating of “Moderate Buy” and an average target price of $15.00.

Insider Buying and Selling

In other Pixelworks news, CFO Haley F. Aman sold 12,371 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 $73,978.58. Following the completion of the sale, the chief financial officer directly owned 68,291 shares in the company, valued at $408,380.18. The trade was a 15.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $73,398.52. Following the completion of the sale, the chief executive officer owned 214,309 shares of the company’s stock, valued at $1,281,567.82. This trade represents a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.70% of the stock is owned by insiders.

Institutional Trading of Pixelworks

A number of institutional investors and hedge funds have recently modified their holdings of PXLW. XTX Topco Ltd acquired a new stake in shares of Pixelworks in the fourth quarter worth $73,000. Magnus Financial Group LLC acquired a new stake in shares of Pixelworks in the fourth quarter worth $80,000. Susquehanna International Group LLP acquired a new stake in shares of Pixelworks in the third quarter worth $155,000. F m Investments LLC acquired a new stake in shares of Pixelworks in the fourth quarter worth $187,000. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Pixelworks by 26.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after buying an additional 7,904 shares during the last quarter. 21.37% of the stock is currently owned by institutional investors and hedge funds.

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.