Pixelworks (NASDAQ:PXLW) Upgraded at StockNews.com

Pixelworks (NASDAQ:PXLWGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Separately, Needham & Company LLC boosted their price target on shares of Pixelworks from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday.

Get Our Latest Stock Report on PXLW

Pixelworks Trading Up 18.1 %

Shares of Pixelworks stock traded up $0.40 on Monday, reaching $2.61. The company had a trading volume of 2,411,475 shares, compared to its average volume of 3,378,448. The firm’s 50 day moving average price is $1.42 and its two-hundred day moving average price is $1.33. The firm has a market cap of $149.08 million, a PE ratio of -5.55 and a beta of 1.67. Pixelworks has a 52-week low of $1.01 and a 52-week high of $2.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.27 and a current ratio of 4.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Penn Capital Management Company LLC acquired a new position in shares of Pixelworks in the 1st quarter valued at $1,498,000. Vanguard Group Inc. boosted its holdings in shares of Pixelworks by 19.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,519,219 shares of the semiconductor company’s stock valued at $3,977,000 after buying an additional 565,011 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Pixelworks by 750.9% in the 4th quarter. Millennium Management LLC now owns 493,978 shares of the semiconductor company’s stock valued at $874,000 after buying an additional 435,926 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Pixelworks by 14.5% in the 4th quarter. Baird Financial Group Inc. now owns 2,640,100 shares of the semiconductor company’s stock valued at $4,673,000 after buying an additional 334,613 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Pixelworks in the 4th quarter valued at $354,000. Institutional investors and hedge funds own 23.61% of the company’s stock.

About Pixelworks

(Get Free Report)

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home entertainment, over-the-air, cinema, and business and education markets. The company provides image processor integrated circuits, including embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits, for mobile devices; and transcoder integrated circuits which comprise embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing for converting bitrates, resolutions, and codecs.

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