Pixelworks, Inc. (NASDAQ:PXLW)’s share price traded down 15.7% during trading on Monday . The company traded as low as $4.15 and last traded at $4.51. 2,307,500 shares traded hands during trading, an increase of 525% from the average session volume of 369,170 shares. The stock had previously closed at $5.35.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Roth Capital restated a “buy” rating and set a $8.00 price objective on shares of Pixelworks in a research note on Tuesday, January 2nd. Finally, Dougherty & Co raised their price objective on Pixelworks from $6.50 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pixelworks currently has an average rating of “Buy” and an average target price of $6.81.
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 firm has a market capitalization of $145.57, a P/E ratio of -41.00 and a beta of 0.40.
Pixelworks (NASDAQ:PXLW) last issued its earnings results on Thursday, February 15th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $18.40 million for the quarter, compared to the consensus estimate of $18.08 million. Pixelworks had a positive return on equity of 12.72% and a negative net margin of 5.18%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. equities analysts forecast that Pixelworks, Inc. will post -0.05 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. boosted its holdings in shares of Pixelworks by 110.9% in the 4th quarter. Macquarie Group Ltd. now owns 48,500 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 25,500 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Pixelworks by 14.3% in the 4th quarter. Millennium Management LLC now owns 325,095 shares of the semiconductor company’s stock valued at $2,058,000 after purchasing an additional 40,571 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Pixelworks by 24.4% in the 4th quarter. Teachers Advisors LLC now owns 62,058 shares of the semiconductor company’s stock valued at $393,000 after purchasing an additional 12,187 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Pixelworks in the 4th quarter valued at $1,135,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Pixelworks by 151.7% in the 4th quarter. Two Sigma Advisers LP now owns 118,038 shares of the semiconductor company’s stock valued at $747,000 after purchasing an additional 71,138 shares in the last quarter. 36.87% of the stock is currently owned by hedge funds and other 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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