Pixelworks (PXLW) Shares Up 5.4%

Pixelworks (NASDAQ:PXLW) shot up 5.4% during mid-day trading on Monday . The company traded as high as $4.48 and last traded at $4.33. 624,832 shares traded hands during trading, an increase of 75% from the average session volume of 356,356 shares. The stock had previously closed at $4.11.

A number of research firms have recently issued reports on PXLW. TheStreet downgraded shares of Pixelworks from a “c-” rating to a “d” rating in a research report on Thursday, May 3rd. Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th.

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.83. The stock has a market capitalization of $146.24 million, a PE ratio of 43.30 and a beta of 0.83.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Wednesday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). Pixelworks had a negative return on equity of 0.68% and a negative net margin of 10.37%. The company had revenue of $15.29 million for the quarter, compared to analyst estimates of $15.00 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. research analysts forecast that Pixelworks will post -0.07 EPS for the current year.

In related news, Director Daniel Heneghan acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of $4.33 per share, for a total transaction of $86,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC grew its stake in Pixelworks by 24.4% in the 4th quarter. Teachers Advisors LLC now owns 62,058 shares of the semiconductor company’s stock worth $393,000 after acquiring an additional 12,187 shares during the period. Bank of New York Mellon Corp grew its stake in Pixelworks by 15.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 97,753 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 12,962 shares during the period. Strs Ohio purchased a new stake in Pixelworks in the 4th quarter worth approximately $105,000. AXA grew its stake in Pixelworks by 99.3% in the 4th quarter. AXA now owns 33,938 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 16,909 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Pixelworks by 391.2% in the 1st quarter. Russell Investments Group Ltd. now owns 28,000 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 22,300 shares during the period. 39.25% of the stock is owned by hedge funds and other institutional investors.

About Pixelworks

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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