Shares of Pixelworks, Inc. (NASDAQ:PXLW) hit a new 52-week high and low on Monday . The stock traded as low as $3.57 and last traded at $3.56, with a volume of 319203 shares. The stock had previously closed at $3.87.
Several brokerages have weighed in on PXLW. Zacks Investment Research raised shares of Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Roth Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Pixelworks in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $6.81.
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.83 and a current ratio of 1.99. The company has a market capitalization of $137.70, a price-to-earnings ratio of 35.70 and a beta of 0.84.
Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Thursday, February 15th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $18.40 million for the quarter, compared to analysts’ expectations of $18.08 million. Pixelworks had a negative net margin of 5.18% and a positive return on equity of 11.87%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. equities analysts predict that Pixelworks, Inc. will post -0.06 EPS for the current fiscal year.
In related news, Director Daniel Heneghan bought 20,000 shares of Pixelworks stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $4.33 per share, for a total transaction of $86,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of Pixelworks during the fourth quarter worth approximately $105,000. Macquarie Group Ltd. acquired a new position in shares of Pixelworks during the third quarter worth approximately $108,000. SG Americas Securities LLC acquired a new position in shares of Pixelworks during the third quarter worth approximately $179,000. Trexquant Investment LP acquired a new position in shares of Pixelworks during the third quarter worth approximately $197,000. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Pixelworks during the fourth quarter worth approximately $208,000. Institutional investors own 38.20% of the company’s stock.
Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.
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