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

Shares of Pixelworks, Inc. (NASDAQ:PXLW) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.14 and traded as high as $6.19. Pixelworks shares last traded at $6.19, with a volume of 31,251 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised 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 issued a Sell rating to the stock. According to MarketBeat.com, Pixelworks currently 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 $39.37 million, a price-to-earnings ratio of -2.65 and a beta of 1.73. The company’s 50 day simple moving average is $6.30 and its two-hundred day simple moving average is $6.14.

Insider Activity at Pixelworks

In related news, CFO Haley F. Aman sold 12,371 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,978.58. Following the transaction, the chief financial officer owned 68,291 shares in the company, valued at approximately $408,380.18. This 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 the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total transaction of $73,398.52. Following the transaction, the chief executive officer directly owned 214,309 shares in the company, valued at approximately $1,281,567.82. The trade was a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Pixelworks

Several institutional investors and hedge funds have recently modified their holdings of PXLW. Emerald Mutual Fund Advisers Trust boosted its holdings in Pixelworks by 26.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 7,904 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Pixelworks in the fourth quarter worth about $73,000. Bleichroeder LP acquired a new stake in shares of Pixelworks in the fourth quarter worth about $1,278,000. Potomac Capital Management Inc. bought a new stake in shares of Pixelworks during the 4th quarter worth about $1,272,000. Finally, Geode Capital Management LLC boosted its stake in shares of Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 6,172 shares in the last quarter. Institutional investors and hedge funds own 21.37% of the company’s stock.

Pixelworks Company Profile

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.