Pixelworks Inc. (PXLW) Sees Unusually-High Trading Volume
Pixelworks Inc. (NASDAQ:PXLW) saw an uptick in trading volume on Friday . 330,809 shares changed hands during trading, an increase of 32% from the previous session’s volume of 250,233 shares.The stock last traded at $2.98 and had previously closed at $2.89.
A number of research firms recently commented on PXLW. Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Roth Capital reissued a “buy” rating on shares of Pixelworks in a report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $3.40.
The stock’s 50 day moving average is $2.23 and its 200-day moving average is $2.02. The company’s market capitalization is $87.19 million.
Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.05. During the same period in the previous year, the business earned ($0.08) EPS. The business earned $12.58 million during the quarter, compared to analyst estimates of $12.02 million. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities research analysts expect that Pixelworks Inc. will post ($0.24) EPS for the current fiscal year.
In other Pixelworks news, CFO Steven L. Moore acquired 20,050 shares of the stock in a transaction dated Monday, August 8th. The stock was purchased at an average price of $2.47 per share, with a total value of $49,523.50. Following the transaction, the chief financial officer now directly owns 397,636 shares of the company’s stock, valued at $982,160.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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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