Pixelworks (NASDAQ:PXLW) Shares Up 1.1%

Pixelworks, Inc. (NASDAQ:PXLW) shot up 1.1% on Thursday . The company traded as high as $4.53 and last traded at $4.53, 16,642 shares changed hands during trading. A decline of 95% from the average session volume of 366,731 shares. The stock had previously closed at $4.48.

A number of research firms have weighed in on PXLW. Lake Street Capital raised Pixelworks from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Friday, February 7th. Zacks Investment Research lowered Pixelworks from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, ValuEngine lowered Pixelworks from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $5.08.

The company has a 50 day moving average price of $4.06 and a 200 day moving average price of $3.57. The firm has a market cap of $177.81 million, a price-to-earnings ratio of -20.25 and a beta of 2.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.86 and a current ratio of 3.14.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Pixelworks had a negative return on equity of 18.51% and a negative net margin of 13.44%. The business had revenue of $16.02 million for the quarter, compared to analyst estimates of $16.00 million. On average, research analysts forecast that Pixelworks, Inc. will post -0.2 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Alpine Global Management LLC acquired a new position in shares of Pixelworks in the 4th quarter valued at $61,000. Goldman Sachs Group Inc. lifted its stake in shares of Pixelworks by 27.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,076 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 4,712 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Pixelworks in the 4th quarter valued at $108,000. State Street Corp lifted its stake in shares of Pixelworks by 9.1% in the 4th quarter. State Street Corp now owns 37,118 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 3,101 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Pixelworks by 975.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 43,000 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 39,000 shares during the last quarter. 25.04% of the stock is currently owned by institutional investors and hedge funds.

About Pixelworks (NASDAQ:PXLW)

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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