Two Sigma Investments LP acquired a new stake in Pixelworks, Inc. (NASDAQ:PXLW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 179,329 shares of the semiconductor company’s stock, valued at approximately $1,135,000. Two Sigma Investments LP owned approximately 0.52% of Pixelworks at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in PXLW. State Street Corp acquired a new stake in shares of Pixelworks in the second quarter valued at $1,376,000. California State Teachers Retirement System acquired a new stake in shares of Pixelworks in the second quarter valued at $232,000. Bank of New York Mellon Corp raised its stake in shares of Pixelworks by 15.3% in the third quarter. Bank of New York Mellon Corp now owns 97,753 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 12,962 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Pixelworks by 288.2% in the third quarter. Russell Investments Group Ltd. now owns 64,577 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 47,944 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Pixelworks in the third quarter valued at $179,000. Institutional investors and hedge funds own 38.20% of the company’s stock.
Several analysts have recently issued reports on PXLW shares. Roth Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Pixelworks in a research note on Tuesday, January 2nd. Zacks Investment Research cut Pixelworks from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $6.81.
Shares of NASDAQ PXLW opened at $3.66 on Friday. The firm has a market capitalization of $135.57, a PE ratio of 36.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.83 and a current ratio of 1.99. Pixelworks, Inc. has a 12-month low of $3.50 and a 12-month high of $7.05.
Pixelworks (NASDAQ:PXLW) last posted its earnings results on Thursday, February 15th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $18.40 million for the quarter, compared to analyst estimates of $18.08 million. Pixelworks had a positive return on equity of 11.87% and a negative net margin of 5.18%. Pixelworks’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share. analysts anticipate that Pixelworks, Inc. will post -0.06 earnings per share for the current year.
In other Pixelworks news, Director Daniel Heneghan bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $4.33 per share, with a total value of $86,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.50% 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.
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