-$0.01 EPS Expected for Pixelworks, Inc. (PXLW) This Quarter

Wall Street analysts forecast that Pixelworks, Inc. (NASDAQ:PXLW) will post earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pixelworks’ earnings. The lowest EPS estimate is ($0.02) and the highest is $0.00. Pixelworks posted earnings of $0.04 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 125%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Pixelworks will report full-year earnings of $0.23 per share for the current year, with EPS estimates ranging from $0.22 to $0.24. For the next financial year, analysts expect that the business will report earnings of $0.10 per share, with EPS estimates ranging from $0.09 to $0.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Pixelworks.

PXLW has been the subject of a number of research reports. Roth Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Pixelworks in a research report on Tuesday, January 2nd. Dougherty & Co lifted their price objective on Pixelworks from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $6.81.

In other news, CFO Steven L. Moore sold 74,999 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $5.88, for a total transaction of $440,994.12. Following the completion of the transaction, the chief financial officer now directly owns 496,570 shares in the company, valued at approximately $2,919,831.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of PXLW. GSA Capital Partners LLP acquired a new position in shares of Pixelworks during the 2nd quarter worth about $105,000. Strs Ohio acquired a new position in shares of Pixelworks during the 4th quarter worth about $105,000. Macquarie Group Ltd. acquired a new position in shares of Pixelworks during the 3rd quarter worth about $108,000. Stifel Financial Corp grew its position in shares of Pixelworks by 31.1% during the 2nd quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after buying an additional 6,213 shares during the period. Finally, Rhumbline Advisers acquired a new position in shares of Pixelworks during the 2nd quarter worth about $126,000. Institutional investors own 37.69% of the company’s stock.

Shares of Pixelworks (PXLW) traded down $0.35 during mid-day trading on Monday, reaching $5.01. The company had a trading volume of 614,086 shares, compared to its average volume of 301,483. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 1.98. The firm has a market capitalization of $183.59, a price-to-earnings ratio of 29.78 and a beta of 0.40. Pixelworks has a 1 year low of $3.80 and a 1 year high of $7.05.

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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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