Pixelworks (NASDAQ:PXLW) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Pixelworks, Inc. (NASDAQ:PXLW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.18 and traded as high as $6.43. Pixelworks shares last traded at $6.17, with a volume of 69,175 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.00.

Pixelworks Stock Performance

The stock has a market cap of $39.24 million, a P/E ratio of -2.64 and a beta of 1.71. The business has a 50 day simple moving average of $6.21 and a 200-day simple moving average of $6.18.

Insider Activity

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

Institutional Investors Weigh In On Pixelworks

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Pixelworks by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after purchasing an additional 6,796 shares during the period. Bleichroeder LP purchased a new position in Pixelworks in the fourth quarter valued at approximately $1,278,000. Potomac Capital Management Inc. purchased a new position in Pixelworks in the fourth quarter valued at approximately $1,272,000. Geode Capital Management LLC grew its holdings in Pixelworks by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 6,172 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in Pixelworks during the fourth quarter valued at $280,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

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.