Zacks Upgrades Pixelworks to Outperform (PXLW)

Share on StockTwits

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.

To view Zacks’ full report, visit Zacks’ official website.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Kindle Lineup Expanded By Amazon
Kindle Lineup Expanded By Amazon
Law Enforcement: Man Ingested Girlfriend’s Organs
Law Enforcement: Man Ingested Girlfriend’s Organs
Apple Confirms iPhone 6 Record Pre-Orders
Apple Confirms iPhone 6 Record Pre-Orders
Ruble Falls to Record Low Following Sanctions Over Ukraine
Ruble Falls to Record Low Following Sanctions Over Ukraine
Male Birth Control Possibly Available by 2017
Male Birth Control Possibly Available by 2017
NFL Retirees: Three in Ten Face Cognitive Problems
NFL Retirees: Three in Ten Face Cognitive Problems


Leave a Reply

 
© 2006-2014 WKRB News.