Pixelworks (NASDAQ:PXLW) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Pixelworks, Inc. (NASDAQ:PXLW)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.09 and traded as high as $7.17. Pixelworks shares last traded at $6.91, with a volume of 30,272 shares traded.

Wall Street Analyst Weigh In

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

Pixelworks Price Performance

The stock’s fifty day simple moving average is $6.23 and its 200-day simple moving average is $6.09. The stock has a market cap of $41.81 million, a P/E ratio of -4.24 and a beta of 1.75.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) EPS for the quarter. The firm had revenue of $0.06 million during the quarter. Analysts forecast that Pixelworks, Inc. will post -1.58 EPS for the current year.

Insider Activity

In related news, CFO Haley F. Aman sold 8,157 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $54,978.18. Following the completion of the sale, the chief financial officer owned 94,134 shares in the company, valued at approximately $634,463.16. This represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd Debonis sold 7,917 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $53,360.58. Following the completion of the sale, the chief executive officer owned 256,392 shares of the company’s stock, valued at $1,728,082.08. The trade was a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

A number of hedge funds have recently made changes to their positions in the stock. Bleichroeder LP purchased a new stake in shares of Pixelworks during the 4th quarter worth about $1,278,000. Potomac Capital Management Inc. acquired a new stake in shares of Pixelworks in the fourth quarter worth about $1,272,000. BlackRock Inc. bought a new stake in shares of Pixelworks during the 2nd quarter worth about $465,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Pixelworks during the 4th quarter worth about $280,000. Finally, F m Investments LLC acquired a new position in shares of Pixelworks during the 4th quarter valued at about $187,000. 21.37% of the stock is owned by hedge funds and other institutional investors.

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.