Stock Traders Purchase High Volume of Put Options on Pixelworks (PXLW)

Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of some unusual options trading on Monday. Stock investors bought 961 put options on the company. This is an increase of approximately 1,313% compared to the average daily volume of 68 put options.

Shares of Pixelworks (NASDAQ PXLW) traded up $0.03 on Wednesday, reaching $5.32. The company had a trading volume of 281,408 shares, compared to its average volume of 305,420. The stock has a market capitalization of $171.60, a P/E ratio of 27.83 and a beta of 0.40. Pixelworks has a 1 year low of $3.80 and a 1 year high of $7.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.98 and a quick ratio of 1.72.

A number of brokerages recently commented on PXLW. Roth Capital reissued a “buy” rating and issued a $8.00 price target on shares of Pixelworks in a report on Tuesday, January 2nd. Zacks Investment Research raised Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Dougherty & Co increased their price target on Pixelworks from $6.50 to $7.50 and gave the company a “buy” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.81.

In related news, CFO Steven L. Moore sold 74,999 shares of the stock in a transaction dated Tuesday, November 21st. The stock was 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 of the company’s stock, 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. Corporate insiders own 4.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PXLW. GSA Capital Partners LLP bought a new position in Pixelworks during the 2nd quarter worth approximately $105,000. Strs Ohio bought a new position in Pixelworks during the 4th quarter worth approximately $105,000. Macquarie Group Ltd. bought a new position in Pixelworks during the 3rd quarter worth approximately $108,000. Stifel Financial Corp lifted its holdings in Pixelworks by 31.1% during the 2nd 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 bought a new position in Pixelworks during the 2nd quarter worth approximately $126,000. 37.69% of the stock is currently owned by institutional investors.

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Pixelworks Company Profile

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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