Pixelworks Inc. (NASDAQ:PXLW) shares saw unusually-strong trading volume on Thursday . Approximately 162,359 shares were traded during mid-day trading, an increase of 29% from the previous session’s volume of 126,192 shares.The stock last traded at $2.11 and had previously closed at $2.13.

Several analysts recently commented on PXLW shares. Craig Hallum raised their target price on Pixelworks from $2.50 to $3.00 and gave the company a “buy” rating in a research report on Friday, April 8th. Zacks Investment Research upgraded Pixelworks from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $3.40.

The company’s market capitalization is $58.78 million. The firm has a 50 day moving average of $1.95 and a 200-day moving average of $1.98.

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

In other Pixelworks news, CEO Todd Debonis bought 25,000 shares of Pixelworks stock in a transaction dated Friday, May 13th. The shares were acquired at an average cost of $1.64 per share, with a total value of $41,000.00. Following the acquisition, the chief executive officer now directly owns 250,000 shares of the company’s stock, valued at $410,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Scott Gibson sold 15,000 shares of the business’s 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 completion of the transaction, the director now directly owns 77,717 shares in the company, valued at $155,434. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake 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 firm bought 1,000,000 shares of the company’s stock, valued at approximately $2,380,000. Heartland Advisors Inc. owned approximately 3.61% of Pixelworks at the end of the most recent reporting period.

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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