CAPROCK Group Inc. Continues to Hold Position in Pixelworks, Inc. (NASDAQ:PXLW)
CAPROCK Group Inc. maintained its stake in Pixelworks, Inc. (NASDAQ:PXLW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,860 shares of the semiconductor company’s stock at the end of the second quarter. CAPROCK Group Inc.’s holdings in Pixelworks were worth $105,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Pixelworks by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock worth $120,000 after buying an additional 855 shares during the period. Nordea Investment Management AB acquired a new stake in Pixelworks during the first quarter worth approximately $189,000. Engineers Gate Manager LP acquired a new stake in Pixelworks during the first quarter worth approximately $193,000. Intellectus Partners LLC raised its stake in Pixelworks by 2.2% in the first quarter. Intellectus Partners LLC now owns 46,204 shares of the semiconductor company’s stock worth $215,000 after buying an additional 1,000 shares during the period. Finally, Algert Global LLC raised its position in shares of Pixelworks by 454.5% in the first quarter. Algert Global LLC now owns 110,378 shares of the semiconductor company’s stock worth $514,000 after buying an additional 90,472 shares during the last quarter. Institutional investors and hedge funds own 28.98% of the company’s stock.
Pixelworks, Inc. (PXLW) opened at 4.72 on Wednesday. The company has a market capitalization of $139.51 million, a price-to-earnings ratio of 393.33 and a beta of 0.72. Pixelworks, Inc. has a 12 month low of $2.17 and a 12 month high of $6.22. The firm has a 50-day moving average price of $4.76 and a 200-day moving average price of $4.52.
Pixelworks (NASDAQ:PXLW) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $20.72 million for the quarter, compared to analysts’ expectations of $20.50 million. Pixelworks had a net margin of 0.55% and a return on equity of 3.30%. The company’s revenue was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. On average, equities analysts anticipate that Pixelworks, Inc. will post $0.20 earnings per share for the current fiscal year.
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A number of brokerages have commented on PXLW. Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. TheStreet upgraded Pixelworks from a “d” rating to a “c” rating in a research report on Friday, April 28th. Finally, Lake Street Capital increased their price objective on Pixelworks from $4.00 to $5.50 and gave the company a “buy” rating in a research report on Friday, April 28th.
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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