Pixelworks (NASDAQ:PXLW) Stock Passes Above 200 Day Moving Average – What’s Next?

Pixelworks, Inc. (NASDAQ:PXLW)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.17 and traded as high as $7.20. Pixelworks shares last traded at $6.97, with a volume of 90,473 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pixelworks in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.00.

Pixelworks Price Performance

The stock has a market capitalization of $44.33 million, a P/E ratio of -2.98 and a beta of 1.66. The firm has a 50 day moving average of $5.84 and a 200-day moving average of $6.17.

Insider Activity

In related news, CFO Haley F. Aman sold 12,371 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,978.58. Following the transaction, the chief financial officer directly owned 68,291 shares in the company, valued at $408,380.18. The trade was a 15.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Todd Debonis sold 12,274 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,398.52. Following the transaction, the chief executive officer owned 214,309 shares in the company, valued at $1,281,567.82. This represents a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Pixelworks

Several institutional investors and hedge funds have recently added to or reduced their stakes in PXLW. XTX Topco Ltd bought a new position in Pixelworks during the fourth quarter valued at about $73,000. Magnus Financial Group LLC acquired a new stake in Pixelworks during the fourth quarter valued at approximately $80,000. Susquehanna International Group LLP acquired a new stake in Pixelworks during the third quarter valued at approximately $155,000. F m Investments LLC acquired a new stake in Pixelworks during the fourth quarter valued at approximately $187,000. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 7,904 shares in the last quarter. 21.37% of the stock is currently owned by institutional investors.

About Pixelworks

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.