Pixelworks CEO Sells $91,200 in Stock (PXLW)
Pixelworks (NASDAQ:PXLW) CEO Bruce A. Walicek unloaded 12,000 shares of Pixelworks stock on the open market in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $7.60, for a total value of $91,200.00. Following the completion of the transaction, the chief executive officer now directly owns 328,761 shares of the company’s stock, valued at approximately $2,498,584. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Zacks upgraded shares of Pixelworks from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $8.00 price target on the stock.
Shares of Pixelworks (NASDAQ:PXLW) traded up 14.87% on Wednesday, hitting $8.73. The stock had a trading volume of 10,800,407 shares. Pixelworks has a 52 week low of $3.14 and a 52 week high of $9.19. The stock has a 50-day moving average of $7.27 and a 200-day moving average of $5.91. The company’s market cap is $196.5 million.
Pixelworks (NASDAQ:PXLW) last posted its quarterly 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. On average, analysts predict that Pixelworks will post $0.14 earnings per share 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.