Shares of Pixelworks Inc. (NASDAQ:PXLW) rose 5.6% during trading on Monday . The stock 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.

PXLW has been the subject of several analyst reports. Zacks Investment Research raised Pixelworks from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, April 13th. Craig Hallum upped their price objective on Pixelworks from $2.50 to $3.00 and gave the company a “buy” rating in a research note on Friday, April 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $3.40.

The company’s market capitalization is $60.47 million. The company’s 50 day moving average is $1.91 and its 200-day moving average is $1.99.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. The firm earned $11.20 million during the quarter, compared to analyst estimates of $10.93 million. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) earnings per share. On average, analysts predict that Pixelworks Inc. will post ($0.29) earnings per share for the current year.

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

An institutional investor recently bought a new position in Pixelworks stock. Heartland Advisors Inc. purchased a new position in Pixelworks Inc. (NASDAQ:PXLW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,000,000 shares of the company’s stock, valued at approximately $2,380,000. Heartland Advisors Inc. owned 3.61% of Pixelworks at the end of the most recent quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.