Pixelworks, Inc. (PXLW) Stock Price Down 4.5%
Pixelworks, Inc. (NASDAQ:PXLW) traded down 4.5% during trading on Wednesday . The company traded as low as $2.75 and last traded at $2.79, with a volume of 93,504 shares changing hands. The stock had previously closed at $2.92.
A number of equities research analysts have recently commented 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 given a buy rating to the company’s stock. Pixelworks currently has an average rating of “Buy” and a consensus target price of $3.40.
The stock’s market capitalization is $78.13 million. The stock has a 50 day moving average of $2.50 and a 200-day moving average of $2.12.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.05. The firm earned $12.58 million during the quarter, compared to analyst estimates of $12.02 million. During the same period in the prior year, the firm posted ($0.08) earnings per share. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, equities analysts predict that Pixelworks, Inc. will post ($0.24) EPS for the current year.
In related news, CFO Steven L. Moore bought 20,050 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $2.47 per share, for a total transaction of $49,523.50. Following the transaction, the chief financial officer now owns 397,636 shares of the company’s stock, valued at $982,160.92. The purchase was disclosed in a legal 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.