Zacks Investment Research upgraded shares of Pixelworks (NASDAQ:PXLW) from a sell rating to a hold rating in a report issued on Thursday morning.
According to Zacks, “Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Broadband content includes video, computer graphics and visual Web information delivered at high speeds via cable and telecommunications lines to the homes and offices. The semiconductors integrate a microprocessor, memory and image processing circuits that function like a computer on a single chip, or system-on-a-chip. “
Separately, Roth Capital restated a buy rating and issued a $8.00 price target on shares of Pixelworks in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $6.81.
Shares of Pixelworks stock opened at $3.66 on Thursday. Pixelworks has a 1 year low of $3.50 and a 1 year high of $7.05. The stock has a market capitalization of $130.23, a price-to-earnings ratio of 36.60 and a beta of 0.84. The company has a quick ratio of 1.83, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Thursday, February 15th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Pixelworks had a positive return on equity of 11.87% and a negative net margin of 5.18%. The company had revenue of $18.40 million during the quarter, compared to the consensus estimate of $18.08 million. During the same period in the prior year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. research analysts predict that Pixelworks will post -0.06 EPS for the current fiscal year.
In other Pixelworks news, Director Daniel Heneghan purchased 20,000 shares of the stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of $4.33 per share, for a total transaction of $86,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in shares of Pixelworks during the fourth quarter worth about $105,000. Macquarie Group Ltd. bought a new position in shares of Pixelworks during the third quarter worth about $108,000. Emerald Advisers Inc. PA bought a new position in shares of Pixelworks during the fourth quarter worth about $208,000. AXA grew its holdings in shares of Pixelworks by 99.3% during the fourth quarter. AXA now owns 33,938 shares of the semiconductor company’s stock worth $215,000 after buying an additional 16,909 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Pixelworks during the third quarter worth about $179,000. Institutional investors and hedge funds own 38.20% 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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