Pixelworks, Inc. (NASDAQ:PXLW) was up 5% during mid-day trading on Wednesday . The stock traded as high as $5.43 and last traded at $5.13. Approximately 724,175 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 282,781 shares. The stock had previously closed at $5.40.

Separately, Zacks Investment Research raised Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th.

The company has a market cap of $173.41 million, a P/E ratio of 49.81 and a beta of 0.72. The firm has a 50 day moving average of $4.65 and a 200 day moving average of $4.79.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The firm had revenue of $20.72 million for the quarter, compared to analyst estimates of $20.50 million. Pixelworks had a net margin of 4.35% and a return on equity of 20.00%. Pixelworks’s quarterly revenue was up 64.7% compared to the same quarter last year. During the same period last year, the company posted ($0.03) EPS. Equities analysts predict that Pixelworks, Inc. will post $0.16 EPS for the current fiscal year.

In related news, Director C Scott Gibson sold 11,000 shares of the firm’s stock in a transaction dated 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 directly owns 91,709 shares of the company’s stock, valued at approximately $422,778.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of PXLW. GSA Capital Partners LLP purchased a new position in Pixelworks in the 2nd quarter valued at about $105,000. Bank of New York Mellon Corp lifted its stake in Pixelworks by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 855 shares in the last quarter. Stifel Financial Corp lifted its stake in Pixelworks by 31.1% in the 2nd quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 6,213 shares in the last quarter. Rhumbline Advisers purchased a new position in Pixelworks in the 2nd quarter valued at about $126,000. Finally, Thompson Davis & CO. Inc. lifted its stake in Pixelworks by 2.2% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 30,912 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 679 shares in the last quarter. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

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Pixelworks Company Profile

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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