Pixelworks Target of Unusually Large Options Trading (PXLW)

Pixelworks, Inc. (NASDAQ:PXLW) was the target of some unusual options trading on Monday. Traders acquired 961 put options on the stock. This is an increase of 1,313% compared to the typical volume of 68 put options.

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

A number of large investors have recently added to or reduced their stakes in PXLW. GSA Capital Partners LLP purchased a new position in Pixelworks in the second quarter worth $105,000. Strs Ohio purchased a new position in Pixelworks in the fourth quarter worth $105,000. Macquarie Group Ltd. purchased a new position in Pixelworks in the third quarter worth $108,000. Stifel Financial Corp raised its position in Pixelworks by 31.1% in the second quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 6,213 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in Pixelworks in the second quarter worth $126,000. Hedge funds and other institutional investors own 37.69% of the company’s stock.

Pixelworks (NASDAQ:PXLW) traded up $0.03 during trading hours on Wednesday, reaching $5.32. The company’s stock had a trading volume of 281,408 shares, compared to its average volume of 305,420. The stock has a market capitalization of $171.60, a PE ratio of 27.83 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.98 and a quick ratio of 1.72. Pixelworks has a 1 year low of $3.80 and a 1 year high of $7.05.

Several equities research analysts have recently commented on PXLW shares. Roth Capital restated a “buy” rating and set a $8.00 price target on shares of Pixelworks in a research note on Tuesday, January 2nd. Zacks Investment Research cut Pixelworks from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Dougherty & Co upped their price target on Pixelworks from $6.50 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $6.81.

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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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