Pixelworks Inc. (NASDAQ:PXLW) shares were down 4.4% during trading on Friday . The stock traded as low as $2.32 and last traded at $2.37, with a volume of 119,196 shares traded. The stock had previously closed at $2.48.

A number of analysts have recently issued reports on the stock. Roth Capital reissued a “buy” rating on shares of Pixelworks in a research note on Thursday, July 28th. Zacks Investment Research raised shares of Pixelworks from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Wednesday, April 13th. Finally, Craig Hallum boosted their target price on shares of Pixelworks from $2.50 to $3.00 and gave the company a “buy” rating in a research note on Friday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Pixelworks has a consensus rating of “Buy” and a consensus price target of $3.40.

The company’s market capitalization is $69.57 million. The stock’s 50 day moving average price is $1.98 and its 200 day moving average price is $1.97.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ 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 company posted ($0.08) earnings per share. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities research analysts predict that Pixelworks Inc. will post ($0.24) EPS for the current fiscal year.

In other news, CEO Todd Debonis acquired 25,000 shares of Pixelworks stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average cost of $1.64 per share, with a total value of $41,000.00. Following the purchase, the chief executive officer now owns 250,000 shares in the company, valued at $410,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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.