Renaissance Technologies LLC Sells 646,465 Shares of Pixelworks, Inc. (PXLW)

Renaissance Technologies LLC trimmed its holdings in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 88.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,046 shares of the semiconductor company’s stock after selling 646,465 shares during the period. Renaissance Technologies LLC owned 0.24% of Pixelworks worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PXLW. Dimensional Fund Advisors LP increased its stake in Pixelworks by 55.3% in the first quarter. Dimensional Fund Advisors LP now owns 472,690 shares of the semiconductor company’s stock valued at $1,829,000 after purchasing an additional 168,281 shares in the last quarter. Cadence Capital Management LLC increased its stake in Pixelworks by 12.1% in the second quarter. Cadence Capital Management LLC now owns 294,467 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 31,692 shares in the last quarter. UBS Group AG increased its stake in Pixelworks by 16.9% in the first quarter. UBS Group AG now owns 154,687 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 22,395 shares in the last quarter. LMR Partners LLP bought a new stake in Pixelworks in the second quarter valued at approximately $250,000. Finally, Thompson Davis & CO. Inc. increased its stake in Pixelworks by 74.3% in the second quarter. Thompson Davis & CO. Inc. now owns 42,475 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 18,106 shares in the last quarter. 33.53% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:PXLW opened at $4.30 on Friday. Pixelworks, Inc. has a 52 week low of $3.15 and a 52 week high of $7.05. The company has a quick ratio of 1.71, a current ratio of 1.89 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $151.20 million, a price-to-earnings ratio of 43.00 and a beta of 1.15.

Pixelworks (NASDAQ:PXLW) last issued its earnings results on Thursday, November 1st. The semiconductor company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Pixelworks had a negative net margin of 8.77% and a negative return on equity of 6.69%. The firm had revenue of $21.47 million during the quarter, compared to the consensus estimate of $21.50 million. On average, research analysts anticipate that Pixelworks, Inc. will post -0.06 EPS for the current year.

Several equities research analysts have commented on PXLW shares. Northland Securities started coverage on shares of Pixelworks in a research note on Wednesday, September 5th. They issued an “outperform” rating and a $8.50 target price for the company. Zacks Investment Research downgraded shares of Pixelworks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.06.

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Pixelworks Company Profile

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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Institutional Ownership by Quarter for Pixelworks (NASDAQ:PXLW)

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