Shares of Pixelworks Inc. (NASDAQ:PXLW) have been assigned a consensus broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. Pixelworks’ rating score has improved by 12.5% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus target price of $3.13 for the company and are predicting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also given Pixelworks an industry rank of 25 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Pixelworks from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Roth Capital reaffirmed a “buy” rating on shares of Pixelworks in a report on Thursday, July 28th.
Pixelworks (NASDAQ:PXLW) opened at 2.78 on Thursday. The company has a 50-day moving average price of $2.82 and a 200-day moving average price of $2.26. The stock’s market cap is $78.69 million. Pixelworks has a 52 week low of $1.22 and a 52 week high of $3.85.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Pixelworks had a negative net margin of 27.16% and a negative return on equity of 45.01%. The firm earned $12.58 million during the quarter, compared to analysts’ expectations of $12.02 million. During the same period in the previous year, the company earned ($0.08) earnings per share. Pixelworks’s quarterly revenue was down 16.6% compared to the same quarter last year. Equities research analysts anticipate that Pixelworks will post ($0.24) EPS for the current year.
In other news, CFO Steven L. Moore purchased 20,050 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $2.47 per share, with a total value of $49,523.50. Following the completion of the acquisition, the chief financial officer now directly owns 397,636 shares of the company’s stock, valued at approximately $982,160.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in Pixelworks by 25.5% in the second quarter. BlackRock Fund Advisors now owns 72,101 shares of the company’s stock valued at $133,000 after buying an additional 14,629 shares in the last quarter. Geode Capital Management LLC boosted its position in Pixelworks by 7.6% in the first quarter. Geode Capital Management LLC now owns 128,838 shares of the company’s stock valued at $282,000 after buying an additional 9,135 shares in the last quarter. Renaissance Technologies LLC boosted its position in Pixelworks by 113.1% in the first quarter. Renaissance Technologies LLC now owns 190,700 shares of the company’s stock valued at $418,000 after buying an additional 101,200 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Pixelworks by 17.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 207,202 shares of the company’s stock valued at $454,000 after buying an additional 30,811 shares in the last quarter. Finally, Keane Capital Partners LLC purchased a new position in Pixelworks during the first quarter valued at about $821,000. 21.77% of the stock is owned by hedge funds and other institutional investors.
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.