Pixelworks Inc. (NASDAQ:PXLW) saw strong trading volume on Tuesday . 192,406 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 93,934 shares.The stock last traded at $2.17 and had previously closed at $2.07.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Pixelworks from a “hold” rating to a “sell” rating in a report on Thursday. Craig Hallum upped their price objective on Pixelworks from $2.50 to $3.00 and gave the stock a “buy” rating in a report on Friday, April 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $3.40.

The firm’s market capitalization is $58.22 million. The company’s 50-day moving average price is $1.91 and its 200-day moving average price 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, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The business had revenue of $11.20 million for the quarter, compared to the consensus estimate of $10.93 million. During the same period in the prior year, the business earned ($0.10) earnings per share. Pixelworks’s revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Pixelworks Inc. will post ($0.29) earnings per share for the current fiscal year.

In other Pixelworks news, Director C Scott Gibson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $2.00, for a total transaction of $30,000.00. Following the sale, the director now directly owns 77,717 shares of the company’s stock, valued at $155,434. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Todd Debonis purchased 25,000 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were acquired at an average cost of $1.64 per share, for a total transaction of $41,000.00. Following the completion of the acquisition, the chief executive officer now owns 250,000 shares of the company’s stock, valued at $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 shares of Pixelworks Inc. (NASDAQ:PXLW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $2,380,000. Heartland Advisors Inc. owned about 3.61% of Pixelworks at the end of the most recent reporting period.

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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