Shares of Pixelworks, Inc. (NASDAQ:PXLW) have earned an average broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company.
Brokers have set a twelve-month consensus price objective of $7.13 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Pixelworks an industry rank of 153 out of 265 based on the ratings given to related companies.
PXLW has been the subject of several research reports. Zacks Investment Research lowered shares of Pixelworks from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Roth Capital reiterated a “buy” rating and set a $8.00 price objective on shares of Pixelworks in a research report on Tuesday, January 2nd. Finally, Dougherty & Co raised their target price on shares of Pixelworks from $6.50 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, November 8th.
Pixelworks (NASDAQ PXLW) traded down $0.27 during mid-day trading on Thursday, reaching $6.66. 381,012 shares of the company’s stock traded hands, compared to its average volume of 354,271. Pixelworks has a fifty-two week low of $2.85 and a fifty-two week high of $7.05. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $228.12, a price-to-earnings ratio of 37.00 and a beta of 0.60.
Pixelworks (NASDAQ:PXLW) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The business had revenue of $18.76 million during the quarter, compared to analyst estimates of $18.53 million. During the same quarter last year, the business earned ($0.02) earnings per share. Pixelworks’s quarterly revenue was up 37.3% compared to the same quarter last year. research analysts anticipate that Pixelworks will post 0.09 EPS for the current fiscal year.
In other news, CFO Steven L. Moore sold 74,999 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 496,570 shares in the company, valued at approximately $2,919,831.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Menta Capital LLC purchased a new position in Pixelworks in the 2nd quarter worth about $421,000. Vanguard Group Inc. increased its stake in Pixelworks by 16.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,183,883 shares of the semiconductor company’s stock worth $5,435,000 after buying an additional 163,923 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Pixelworks in the 3rd quarter worth about $305,000. TIAA CREF Investment Management LLC purchased a new position in Pixelworks in the 2nd quarter worth about $345,000. Finally, OxFORD Asset Management LLP purchased a new position in Pixelworks in the 2nd quarter worth about $1,604,000. Hedge funds and other institutional investors own 37.64% 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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