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Pixelworks (NASDAQ:PXLW) CEO Bruce A. Walicek unloaded 12,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $7.51, for a total value of $90,120.00. Following the completion of the transaction, the chief executive officer now directly owns 340,761 shares of the company’s stock, valued at approximately $2,559,115. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Pixelworks (NASDAQ:PXLW) traded up 3.87% on Wednesday, hitting $7.78. The stock had a trading volume of 1,240,063 shares. Pixelworks has a 52 week low of $2.97 and a 52 week high of $9.05. The stock has a 50-day moving average of $5.97 and a 200-day moving average of $5.41. The company’s market cap is $175.1 million.

Pixelworks (NASDAQ:PXLW) last announced its earnings results on Thursday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $13.50 million for the quarter, compared to the consensus estimate of $13.10 million. The company’s revenue for the quarter was up 62.7% on a year-over-year basis. Analysts expect that Pixelworks will post $0.14 EPS for the current fiscal year.

Pixelworks, Inc (NASDAQ:PXLW) is a designer, developer and marketer of video and pixel processing semiconductors and software for digital video applications.

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