Pixelworks (PXLW) Receives Coverage Optimism Rating of 0.14

Press coverage about Pixelworks (NASDAQ:PXLW) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pixelworks earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 47.516949348374 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of PXLW stock traded down $0.09 during trading hours on Friday, reaching $3.94. The company’s stock had a trading volume of 3,517,700 shares, compared to its average volume of 362,054. The company has a market cap of $144.11 million, a PE ratio of 39.40 and a beta of 0.73. Pixelworks has a fifty-two week low of $3.50 and a fifty-two week high of $7.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.80 and a current ratio of 1.96.

Pixelworks (NASDAQ:PXLW) last issued its earnings results on Wednesday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The business had revenue of $15.29 million during the quarter, compared to analyst estimates of $15.00 million. Pixelworks had a negative net margin of 10.37% and a negative return on equity of 0.65%. During the same period in the prior year, the business posted $0.12 EPS. equities analysts predict that Pixelworks will post -0.1 EPS for the current fiscal year.

A number of research firms have commented on PXLW. Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. TheStreet lowered Pixelworks from a “c-” rating to a “d” rating in a research note on Thursday, May 3rd. Finally, Lake Street Capital set a $7.00 price objective on Pixelworks and gave the stock a “buy” rating in a research note on Wednesday, May 30th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Pixelworks currently has a consensus rating of “Buy” and a consensus target price of $7.19.

About Pixelworks

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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