Dynamic Technology Lab Private Ltd bought a new position in Pixelworks, Inc. (NASDAQ:PXLW) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 64,844 shares of the semiconductor company’s stock, valued at approximately $305,000. Dynamic Technology Lab Private Ltd owned approximately 0.19% of Pixelworks at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Pixelworks during the second quarter valued at approximately $105,000. Macquarie Group Ltd. purchased a new position in shares of Pixelworks in the third quarter worth $108,000. Bank of New York Mellon Corp raised its holdings in shares of Pixelworks by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock worth $120,000 after buying an additional 855 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Pixelworks by 31.1% in the second quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after buying an additional 6,213 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Pixelworks in the second quarter worth $126,000. Institutional investors and hedge funds own 37.64% of the company’s stock.
A number of analysts have recently weighed in on the stock. Dougherty & Co raised their price target on shares of Pixelworks from $6.50 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Pixelworks from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research report on Thursday, December 7th.
Pixelworks, Inc. (NASDAQ:PXLW) opened at $5.59 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 1.98. Pixelworks, Inc. has a 52 week low of $2.44 and a 52 week high of $6.22. The company has a market cap of $186.67, a PE ratio of 30.28, a price-to-earnings-growth ratio of 3.03 and a beta of 0.60.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $18.76 million during the quarter, compared to analysts’ expectations of $18.53 million. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The business’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same period last year, the business earned ($0.02) earnings per share. equities analysts predict that Pixelworks, Inc. will post 0.09 EPS for the current fiscal year.
In related news, CFO Steven L. Moore sold 74,999 shares of Pixelworks stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total value of $440,994.12. Following the completion of the transaction, the chief financial officer now owns 496,570 shares in the company, valued at $2,919,831.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company’s stock.
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Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.
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