Pixelworks Inc. (NASDAQ:PXLW)’s share price shot up 4.4% during mid-day trading on Monday . The stock traded as high as $2.13 and last traded at $2.12, with a volume of 142,781 shares traded. The stock had previously closed at $2.03.

Several brokerages recently issued reports on PXLW. Zacks Investment Research cut Pixelworks from a “hold” rating to a “sell” rating in a research note on Thursday. Craig Hallum raised their price objective on Pixelworks from $2.50 to $3.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Pixelworks has an average rating of “Hold” and a consensus price target of $3.40.

The firm has a 50 day moving average of $1.94 and a 200 day moving average of $1.98. The company’s market cap is $60.47 million.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Thursday, April 28th. The company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The company earned $11.20 million during the quarter, compared to the consensus estimate of $10.93 million. The firm’s revenue was down 22.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share. On average, equities research analysts anticipate that Pixelworks Inc. will post ($0.29) EPS for the current fiscal year.

In other Pixelworks news, Director C Scott Gibson sold 15,000 shares of Pixelworks stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $2.00, for a total value of $30,000.00. Following the transaction, the director now directly owns 77,717 shares of the company’s stock, valued at approximately $155,434. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Todd Debonis purchased 25,000 shares of the company’s stock in a transaction on Friday, May 13th. The stock was acquired at an average cost of $1.64 per share, for a total transaction of $41,000.00. Following the completion of the transaction, the chief executive officer now owns 250,000 shares in the company, valued at $410,000. The disclosure for this purchase can be found here.

An institutional investor recently bought a new position in Pixelworks stock. Heartland Advisors Inc. purchased a new stake in Pixelworks Inc. (NASDAQ:PXLW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $2,380,000. Heartland Advisors Inc. owned approximately 3.61% of Pixelworks as of its most recent SEC filing.

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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