Pixelworks Inc. (PXLW) Trading 2.5% Higher
Pixelworks Inc. (NASDAQ:PXLW) shares traded up 2.5% during mid-day trading on Thursday . The stock traded as high as $2.95 and last traded at $2.88, with a volume of 111,630 shares traded. The stock had previously closed at $2.81.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Pixelworks from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Roth Capital reissued a “buy” rating on shares of Pixelworks in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $3.40.
The stock’s market cap is $87.19 million. The company’s 50-day moving average price is $2.27 and its 200-day moving average price is $2.02.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm earned $12.58 million during the quarter, compared to analyst estimates of $12.02 million. The business’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS. Equities research analysts predict that Pixelworks Inc. will post ($0.24) EPS for the current year.
In other news, CFO Steven L. Moore purchased 20,050 shares of the business’s stock in a transaction on Monday, August 8th. The stock was purchased at an average price of $2.47 per share, for a total transaction of $49,523.50. Following the completion of the purchase, the chief financial officer now directly owns 397,636 shares in the company, valued at approximately $982,160.92. The purchase was disclosed in a document filed with the SEC, which can be accessed 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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