Captrust Financial Advisors Buys New Holdings in Pixelworks, Inc. (PXLW)
Captrust Financial Advisors bought a new position in shares of Pixelworks, Inc. (NASDAQ:PXLW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 111,550 shares of the semiconductor company’s stock, valued at approximately $512,000. Captrust Financial Advisors owned about 0.38% of Pixelworks at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of PXLW. Renaissance Technologies LLC grew its holdings in Pixelworks by 96.4% during the 1st quarter. Renaissance Technologies LLC now owns 668,400 shares of the semiconductor company’s stock worth $3,115,000 after acquiring an additional 328,100 shares during the last quarter. Spark Investment Management LLC grew its holdings in Pixelworks by 188.6% during the 2nd quarter. Spark Investment Management LLC now owns 363,600 shares of the semiconductor company’s stock worth $1,668,000 after acquiring an additional 237,600 shares during the last quarter. Algert Global LLC grew its holdings in Pixelworks by 161.3% during the 2nd quarter. Algert Global LLC now owns 288,441 shares of the semiconductor company’s stock worth $1,324,000 after acquiring an additional 178,063 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in Pixelworks during the 1st quarter worth approximately $652,000. Finally, Acadian Asset Management LLC bought a new stake in Pixelworks during the 1st quarter worth approximately $577,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Pixelworks, Inc. (NASDAQ PXLW) traded down 3.55% on Friday, hitting $4.89. 109,706 shares of the stock were exchanged. Pixelworks, Inc. has a 52-week low of $2.17 and a 52-week high of $6.22. The company has a 50 day moving average of $4.56 and a 200 day moving average of $4.72. The company has a market cap of $165.30 million, a price-to-earnings ratio of 47.48 and a beta of 0.68.
Pixelworks (NASDAQ:PXLW) last issued its earnings results on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. Pixelworks had a net margin of 4.35% and a return on equity of 20.00%. The firm had revenue of $20.72 million for the quarter, compared to analysts’ expectations of $20.50 million. During the same quarter last year, the business earned ($0.03) earnings per share. The business’s revenue was up 64.7% on a year-over-year basis. Equities research analysts forecast that Pixelworks, Inc. will post $0.16 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of Pixelworks from a “hold” rating to a “sell” rating in a report on Thursday, July 6th.
In other news, Director C Scott Gibson sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $4.61, for a total value of $50,710.00. Following the transaction, the director now owns 91,709 shares in the company, valued at $422,778.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by company insiders.
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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