Pixelworks (NASDAQ:PXLW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $8.00 target price on the stock. Zacks‘s target price would suggest a potential upside of 5.68% from the stock’s previous close.
Pixelworks (NASDAQ:PXLW) remained flat at $7.57 during during mid-day trading trading on Tuesday. The stock had a trading volume of 395,830 shares. Pixelworks has a 1-year low of $3.14 and a 1-year high of $9.05. The stock has a 50-day moving average of $6.91 and a 200-day moving average of $5.75. The company’s market cap is $170.4 million.
Pixelworks (NASDAQ:PXLW) last released its earnings data on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.03. The company had revenue of $13.50 million for the quarter, compared to the consensus estimate of $13.10 million. Pixelworks’s revenue was up 62.7% compared to the same quarter last year. Analysts expect that Pixelworks will post $0.14 EPS for the current fiscal year.
Pixelworks, Inc (NASDAQ:PXLW) is a designer, developer and marketer of video and pixel processing semiconductors and software for digital video applications.
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