Pixelworks (NASDAQ:PXLW) Director David J. Tupman sold 2,500 shares of Pixelworks stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $4.18, for a total transaction of $10,450.00. Following the completion of the transaction, the director now directly owns 65,845 shares in the company, valued at $275,232.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pixelworks opened at $4.26 on Wednesday, according to MarketBeat. The firm has a market cap of $154.07 million, a price-to-earnings ratio of 433.00 and a beta of 0.83. Pixelworks has a fifty-two week low of $4.18 and a fifty-two week high of $4.28. The company has a current ratio of 1.96, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Wednesday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $15.29 million for the quarter, compared to the consensus estimate of $15.00 million. Pixelworks had a negative return on equity of 0.65% and a negative net margin of 10.37%. During the same period in the previous year, the firm posted $0.12 EPS. sell-side analysts predict that Pixelworks will post -0.07 earnings per share for the current year.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. TheStreet cut shares of Pixelworks from a “c-” rating to a “d” rating in a research note on Thursday, May 3rd.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in shares of Pixelworks by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 733,246 shares of the semiconductor company’s stock worth $4,641,000 after buying an additional 121,500 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in shares of Pixelworks during the first quarter worth $3,034,000. Dimensional Fund Advisors LP grew its stake in shares of Pixelworks by 55.3% during the first quarter. Dimensional Fund Advisors LP now owns 472,690 shares of the semiconductor company’s stock worth $1,829,000 after buying an additional 168,281 shares during the last quarter. Algert Global LLC grew its stake in shares of Pixelworks by 9.3% during the fourth quarter. Algert Global LLC now owns 377,824 shares of the semiconductor company’s stock worth $2,392,000 after buying an additional 32,043 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Pixelworks by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 352,648 shares of the semiconductor company’s stock worth $2,231,000 after buying an additional 28,778 shares during the last quarter. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

Pixelworks Company Profile

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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