Pixelworks (NASDAQ:PXLW) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.15 and traded as high as $6.28. Pixelworks shares last traded at $6.24, with a volume of 44,531 shares traded.

Analysts Set New Price Targets

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

Pixelworks Stock Up 6.3%

The company has a market cap of $39.69 million, a price-to-earnings ratio of -2.67 and a beta of 1.71. The firm has a 50 day moving average price of $6.27 and a two-hundred day moving average price of $6.15.

Insider Buying and Selling

In other news, CFO Haley F. Aman sold 12,371 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,978.58. Following the sale, the chief financial officer directly owned 68,291 shares of the company’s stock, valued at approximately $408,380.18. This represents a 15.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd Debonis sold 12,274 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,398.52. Following the sale, the chief executive officer owned 214,309 shares of the company’s stock, valued at approximately $1,281,567.82. This trade represents a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Pixelworks in the 4th quarter worth about $73,000. Magnus Financial Group LLC bought a new stake in shares of Pixelworks during the 4th quarter valued at about $80,000. Susquehanna International Group LLP bought a new stake in shares of Pixelworks during the 3rd quarter valued at about $155,000. F m Investments LLC bought a new stake in shares of Pixelworks during the 4th quarter valued at about $187,000. Finally, Emerald Mutual Fund Advisers Trust grew its stake 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 worth $201,000 after purchasing an additional 7,904 shares during the period. Institutional investors 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.