Shares of Pixelworks Inc. (NASDAQ:PXLW) have earned an average broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Pixelworks’ rating score has improved by 12.5% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price objective of $3.13 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Pixelworks an industry rank of 33 out of 265 based on the ratings given to related companies.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Pixelworks from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Roth Capital reiterated a “buy” rating on shares of Pixelworks in a report on Thursday, July 28th.
In related news, CFO Steven L. Moore acquired 20,050 shares of the business’s stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $2.47 per share, for a total transaction of $49,523.50. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. Company insiders own 5.70% of the company’s stock.
A number of large investors have recently modified their holdings of PXLW. Heartland Advisors Inc. increased its stake in shares of Pixelworks by 78.2% in the second quarter. Heartland Advisors Inc. now owns 1,784,200 shares of the company’s stock valued at $3,283,000 after buying an additional 782,800 shares during the period. Keane Capital Partners LLC increased its stake in Pixelworks by 46.4% in the second quarter. Keane Capital Partners LLC now owns 549,009 shares of the company’s stock worth $1,010,000 after buying an additional 174,007 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Pixelworks by 17.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 207,202 shares of the company’s stock worth $454,000 after buying an additional 30,811 shares during the last quarter. Renaissance Technologies LLC increased its stake in Pixelworks by 113.1% in the first quarter. Renaissance Technologies LLC now owns 190,700 shares of the company’s stock worth $418,000 after buying an additional 101,200 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Pixelworks by 7.6% in the first quarter. Geode Capital Management LLC now owns 128,838 shares of the company’s stock worth $282,000 after buying an additional 9,135 shares during the last quarter. Hedge funds and other institutional investors own 21.77% of the company’s stock.
Pixelworks (NASDAQ:PXLW) traded down 0.636% during midday trading on Thursday, hitting $2.812. The stock had a trading volume of 37,870 shares. The company’s 50 day moving average is $2.83 and its 200 day moving average is $2.25. The company’s market cap is $79.60 million. Pixelworks has a 1-year low of $1.22 and a 1-year high of $3.89.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The company earned $12.58 million during the quarter, compared to analysts’ expectations of $12.02 million. Pixelworks had a negative return on equity of 45.01% and a negative net margin of 27.16%. Pixelworks’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. On average, equities analysts anticipate that Pixelworks will post ($0.24) earnings per share for the current fiscal year.
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.