Pixelworks, Inc. (NASDAQ:PXLW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Broadband content includes video, computer graphics and visual Web information delivered at high speeds via cable and telecommunications lines to the homes and offices. The semiconductors integrate a microprocessor, memory and image processing circuits that function like a computer on a single chip, or system-on-a-chip. “

PXLW has been the topic of several other reports. Lake Street Capital boosted their price objective on Pixelworks from $4.00 to $5.50 and gave the company a “buy” rating in a research report on Friday, April 28th. TheStreet upgraded Pixelworks from a “d” rating to a “c” rating in a research report on Friday, April 28th.

Pixelworks (NASDAQ PXLW) opened at 4.87 on Wednesday. The company has a market capitalization of $143.95 million, a price-to-earnings ratio of 405.83 and a beta of 0.73. Pixelworks has a 52 week low of $1.91 and a 52 week high of $6.22. The firm has a 50-day moving average price of $4.81 and a 200-day moving average price of $4.43.

Pixelworks (NASDAQ:PXLW) last released its earnings results on Thursday, April 27th. The semiconductor company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company had revenue of $22.70 million for the quarter, compared to the consensus estimate of $22.49 million. Pixelworks had a return on equity of 3.30% and a net margin of 0.55%. Pixelworks’s quarterly revenue was up 102.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) earnings per share. Analysts anticipate that Pixelworks will post $0.20 EPS for the current fiscal year.

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In other news, Director David J. Tupman sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $5.49, for a total value of $32,940.00. Following the transaction, the director now directly owns 44,139 shares in the company, valued at $242,323.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in PXLW. CAPROCK Group Inc. acquired a new position in shares of Pixelworks during the first quarter valued at approximately $107,000. Bank of New York Mellon Corp boosted its stake in shares of Pixelworks by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 855 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Pixelworks during the first quarter valued at about $189,000. Engineers Gate Manager LP purchased a new stake in shares of Pixelworks during the first quarter valued at about $193,000. Finally, Intellectus Partners LLC boosted its stake in shares of Pixelworks by 2.2% in the first quarter. Intellectus Partners LLC now owns 46,204 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 27.94% of the company’s stock.

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.

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