Pixelworks Inc. (NASDAQ:PXLW)’s share price dropped 4.2% during trading on Tuesday . The stock traded as low as $2.06 and last traded at $2.06, with a volume of 98,747 shares trading hands. The stock had previously closed at $2.15.

A number of brokerages have recently issued reports on PXLW. Zacks Investment Research upgraded Pixelworks from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research report on Wednesday, April 13th. Craig Hallum raised their price objective on Pixelworks from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Friday, April 8th. One investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $3.40.

The firm’s market capitalization is $57.94 million. The firm has a 50 day moving average price of $1.94 and a 200 day moving average price of $1.98.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Thursday, April 28th. The company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The business had revenue of $11.20 million for the quarter, compared to analysts’ expectations of $10.93 million. Pixelworks’s quarterly revenue was down 22.2% compared to the same quarter last year. Analysts anticipate that Pixelworks Inc. will post ($0.29) EPS for the current year.

In other Pixelworks news, CEO Todd Debonis bought 25,000 shares of Pixelworks stock in a transaction that occurred 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 directly owns 250,000 shares in the company, valued at $410,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Scott Gibson sold 15,000 shares of the business’s stock in a transaction dated 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 owns 77,717 shares of the company’s stock, valued at $155,434. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Pixelworks stock. Heartland Advisors Inc. bought 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 (SEC). The fund bought 1,000,000 shares of the company’s stock, valued at approximately $2,380,000. Heartland Advisors Inc. owned 3.61% of Pixelworks as of its most recent filing with the SEC.

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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