Haley F. Aman Sells 48,854 Shares of Pixelworks, Inc. (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley F. Aman sold 48,854 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $0.85, for a total value of $41,525.90. Following the sale, the chief financial officer now directly owns 352,607 shares of the company’s stock, valued at $299,715.95. This represents a 12.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pixelworks Trading Up 2.3 %

Shares of NASDAQ:PXLW opened at $0.88 on Friday. Pixelworks, Inc. has a 12-month low of $0.61 and a 12-month high of $3.08. The business has a 50 day moving average of $0.79 and a 200-day moving average of $0.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.02.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. Pixelworks had a negative return on equity of 111.21% and a negative net margin of 66.47%. On average, equities analysts predict that Pixelworks, Inc. will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On Pixelworks

A number of institutional investors have recently modified their holdings of PXLW. Raymond James Financial Inc. bought a new position in Pixelworks during the fourth quarter worth about $31,000. GSA Capital Partners LLP acquired a new position in shares of Pixelworks during the 3rd quarter worth approximately $91,000. Renaissance Technologies LLC grew its position in shares of Pixelworks by 44.4% during the 4th quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 225,948 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Pixelworks by 29.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company’s stock worth $3,109,000 after purchasing an additional 965,889 shares during the period. Institutional investors own 21.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and issued a $1.50 price objective on shares of Pixelworks in a research report on Thursday, February 13th.

About Pixelworks

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.