Pixelworks Inc. (PXLW) Shares Down 2.5%
Pixelworks Inc. (NASDAQ:PXLW)’s share price traded down 2.5% on Wednesday . The company traded as low as $3.12 and last traded at $3.15, with a volume of 78,120 shares traded. The stock had previously closed at $3.23.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Pixelworks from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Roth Capital restated a “buy” rating on shares of Pixelworks in a research 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 stock. Pixelworks currently has a consensus rating of “Buy” and a consensus price target of $3.40.
The company’s market capitalization is $84.07 million. The firm has a 50-day moving average price of $2.40 and a 200 day moving average price of $2.07.
Pixelworks (NASDAQ:PXLW) last released its earnings results on Thursday, July 28th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The company 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% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) earnings per share. Equities research analysts expect that Pixelworks Inc. will post ($0.24) EPS for the current year.
In other Pixelworks news, CFO Steven L. Moore acquired 20,050 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $2.47 per share, for a total transaction of $49,523.50. Following the purchase, the chief financial officer now owns 397,636 shares in the company, valued at approximately $982,160.92. The purchase was disclosed in a filing 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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