Pixelworks Inc. (NASDAQ:PXLW)’s share price was up 4.4% during trading on Monday . The company 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 equities research analysts recently commented on the company. Zacks Investment Research upgraded Pixelworks from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Wednesday, April 13th. Craig Hallum raised their target price on Pixelworks from $2.50 to $3.00 and gave the company a “buy” rating in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Pixelworks currently has an average rating of “Hold” and an average price target of $3.40.

The firm’s market cap is $59.06 million. The stock has a 50 day moving average of $1.94 and a 200-day moving average of $1.98.

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

In other Pixelworks news, CEO Todd Debonis purchased 25,000 shares of the stock in a transaction dated Friday, May 13th. The shares were acquired at an average price of $1.64 per share, for a total transaction of $41,000.00. Following the completion of the acquisition, the chief executive officer now owns 250,000 shares of the company’s stock, valued at approximately $410,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Scott Gibson sold 15,000 shares of Pixelworks stock in a transaction on Tuesday, May 3rd. The shares were 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 in the company, valued at approximately $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. purchased a new position in shares of Pixelworks Inc. (NASDAQ:PXLW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $2,380,000. Heartland Advisors Inc. owned 3.61% of Pixelworks at the end of the most recent quarter.

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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