Pixelworks Inc. (PXLW) Stock Price Up 1.7%
Shares of Pixelworks Inc. (NASDAQ:PXLW) rose 1.7% during trading on Tuesday . The company traded as high as $3.03 and last traded at $2.94, with a volume of 65,369 shares traded. The stock had previously closed at $2.89.
PXLW has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Pixelworks from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. Roth Capital reiterated 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 issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $3.40.
The company’s 50 day moving average is $2.47 and its 200 day moving average is $2.12. The firm’s market capitalization is $82.66 million.
Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The business had revenue of $12.58 million for the quarter, compared to analyst estimates of $12.02 million. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts predict that Pixelworks Inc. will post ($0.24) earnings per share for the current year.
In other Pixelworks 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 price of $2.47 per share, with a total value of $49,523.50. Following the completion of the transaction, 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 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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