Pixelworks Inc. (NASDAQ:PXLW)’s share price dropped 2.1% during mid-day trading on Thursday . The company traded as low as $2.65 and last traded at $2.78, with a volume of 168,545 shares trading hands. The stock had previously closed at $2.84.

PXLW has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Pixelworks from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. Roth Capital restated a “buy” rating on shares of Pixelworks in a research note on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $3.40.

The stock’s market capitalization is $79.43 million. The firm’s 50 day moving average is $2.09 and its 200 day moving average is $1.99.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. During the same period last year, the firm posted ($0.08) earnings per share. The company earned $12.58 million during the quarter, compared to analysts’ expectations of $12.02 million. Pixelworks’s revenue was down 16.6% on a year-over-year basis. Analysts anticipate that Pixelworks Inc. will post ($0.24) EPS for the current year.

In related news, CFO Steven L. Moore purchased 20,050 shares of Pixelworks stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $2.47 per share, with a total value of $49,523.50. Following the purchase, the chief financial officer now owns 397,636 shares of the company’s stock, valued at $982,160.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Todd Debonis purchased 25,000 shares of Pixelworks stock in a transaction dated Friday, May 13th. The stock was bought at an average cost of $1.64 per share, for a total transaction of $41,000.00. Following the completion of the purchase, the chief executive officer now directly owns 250,000 shares in the company, valued at approximately $410,000. The disclosure for this purchase can be found here.

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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