Pixelworks (PXLW) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Pixelworks (NASDAQ:PXLW) posted its earnings results on Thursday. The semiconductor company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01, RTT News reports. Pixelworks had a positive return on equity of 20.65% and a negative net margin of 0.36%. The business had revenue of $18.40 million during the quarter, compared to analysts’ expectations of $18.08 million. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis.

Pixelworks (PXLW) traded up $0.03 on Thursday, hitting $5.35. The stock had a trading volume of 384,199 shares, compared to its average volume of 307,881. 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. The stock has a market cap of $183.25, a PE ratio of 29.39 and a beta of 0.40.

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

In other news, CFO Steven L. Moore sold 74,999 shares of the company’s 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 directly 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 the SEC website. 4.50% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Pixelworks stock. California State Teachers Retirement System acquired a new position in Pixelworks, Inc. (NASDAQ:PXLW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,500 shares of the semiconductor company’s stock, valued at approximately $232,000. California State Teachers Retirement System owned approximately 0.17% of Pixelworks at the end of the most recent quarter. Institutional investors and hedge funds own 37.69% of the company’s stock.

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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.

Earnings History for Pixelworks (NASDAQ:PXLW)

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