Pixelworks (NASDAQ:PXLW) Shares Cross Above 200-Day Moving Average of $1.74

Shares of Pixelworks, Inc. (NASDAQ:PXLW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.74 and traded as high as $1.83. Pixelworks shares last traded at $1.80, with a volume of 390,703 shares changing hands.

Wall Street Analyst Weigh In

PXLW has been the subject of a number of research reports. StockNews.com raised Pixelworks from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Needham & Company LLC boosted their price target on Pixelworks from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, February 9th.

Pixelworks Stock Performance

The stock has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $1.74. The company has a market cap of $103.75 million, a price-to-earnings ratio of -3.82 and a beta of 1.77. The company has a quick ratio of 4.94, a current ratio of 5.26 and a debt-to-equity ratio of 0.04.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $20.07 million for the quarter, compared to analysts’ expectations of $20.00 million. Pixelworks had a negative return on equity of 60.87% and a negative net margin of 43.86%. As a group, analysts predict that Pixelworks, Inc. will post -0.26 EPS for the current year.

Insiders Place Their Bets

In other Pixelworks news, CEO Todd Debonis sold 56,412 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $2.56, for a total transaction of $144,414.72. Following the transaction, the chief executive officer now owns 1,565,065 shares in the company, valued at $4,006,566.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Todd Debonis sold 56,412 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $2.56, for a total value of $144,414.72. Following the transaction, the chief executive officer now owns 1,565,065 shares in the company, valued at $4,006,566.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Haley F. Aman sold 17,926 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $2.56, for a total value of $45,890.56. Following the completion of the transaction, the chief financial officer now owns 320,536 shares in the company, valued at approximately $820,572.16. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Prelude Capital Management LLC acquired a new stake in Pixelworks during the first quarter valued at approximately $32,000. Traynor Capital Management Inc. acquired a new stake in Pixelworks during the first quarter valued at approximately $39,000. Quadrature Capital Ltd raised its stake in Pixelworks by 79.1% during the second quarter. Quadrature Capital Ltd now owns 33,238 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 14,679 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Pixelworks during the first quarter valued at approximately $52,000. Finally, Stifel Financial Corp acquired a new stake in Pixelworks during the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.