Pixelworks Inc. (NASDAQ:PXLW)’s share price traded up 5.6% during trading on Monday . The company traded as high as $2.08 and last traded at $2.07, with a volume of 58,463 shares changing hands. The stock had previously closed at $1.96.

A number of equities analysts have commented on the company. Craig Hallum increased their target price on Pixelworks from $2.50 to $3.00 and gave the company a “buy” rating in a report on Friday, April 8th. Zacks Investment Research cut Pixelworks from a “buy” rating to a “hold” rating in a report on Wednesday, June 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $3.40.

The company’s market capitalization is $58.22 million. The company’s 50 day moving average is $1.88 and its 200-day moving average is $2.00.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The business earned $11.20 million during the quarter, compared to analysts’ expectations of $10.93 million. During the same period in the prior year, the firm posted ($0.10) EPS. Pixelworks’s revenue for the quarter was down 22.2% compared to the same quarter last year. Equities analysts forecast that Pixelworks Inc. will post ($0.29) EPS for the current year.

In other Pixelworks news, Director C Scott Gibson sold 15,000 shares of Pixelworks stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $2.00, for a total value of $30,000.00. Following the sale, the director now owns 77,717 shares of the company’s stock, valued at approximately $155,434. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd Debonis acquired 25,000 shares of the stock in a transaction on Friday, May 13th. The stock was acquired at an average cost of $1.64 per share, for a total transaction of $41,000.00. Following the acquisition, the chief executive officer now directly owns 250,000 shares in the company, valued at approximately $410,000. The disclosure for this purchase can be found here.

A hedge fund recently bought a new stake in Pixelworks stock. Heartland Advisors Inc. acquired a new position in shares of Pixelworks Inc. (NASDAQ:PXLW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,000,000 shares of the company’s stock, valued at approximately $2,380,000. Heartland Advisors Inc. owned about 3.61% of Pixelworks as of its most recent SEC filing.

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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