Pixelworks (PXLW) Issues Earnings Results

Pixelworks (NASDAQ:PXLW) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01, Fidelity Earnings reports. The business had revenue of $21.47 million during the quarter, compared to analysts’ expectations of $21.50 million. Pixelworks had a negative return on equity of 9.60% and a negative net margin of 15.98%.

Shares of Pixelworks stock traded down $0.12 on Friday, reaching $4.37. The company’s stock had a trading volume of 606,800 shares, compared to its average volume of 351,997. The firm has a market cap of $143.66 million, a price-to-earnings ratio of 43.70 and a beta of 1.21. Pixelworks has a 52 week low of $3.15 and a 52 week high of $7.05. The company has a current ratio of 1.89, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02.

A number of brokerages have issued reports on PXLW. Zacks Investment Research upgraded Pixelworks from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Thursday, August 9th. Northland Securities began coverage on Pixelworks in a research note on Wednesday, September 5th. They set an “outperform” rating and a $8.50 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.15.

Pixelworks Company Profile

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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Earnings History for Pixelworks (NASDAQ:PXLW)

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