Equities research analysts expect that Pixelworks, Inc. (NASDAQ:PXLW) will post sales of $21.50 million for the current quarter, Zacks reports. Two analysts have provided estimates for Pixelworks’ earnings. Pixelworks reported sales of $18.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The firm is expected to report its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Pixelworks will report full year sales of $76.75 million for the current year, with estimates ranging from $76.50 million to $77.00 million. For the next fiscal year, analysts expect that the company will report sales of $85.75 million per share, with estimates ranging from $85.50 million to $86.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Pixelworks.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05). Pixelworks had a negative net margin of 15.98% and a negative return on equity of 9.60%. The firm had revenue of $19.25 million during the quarter, compared to the consensus estimate of $18.50 million.

A number of brokerages have recently commented on PXLW. Northland Securities began coverage on Pixelworks in a research note on Wednesday, September 5th. They issued an “outperform” rating and a $8.50 price target for the company. Lake Street Capital set a $7.00 price target on Pixelworks and gave the company a “buy” rating in a research note on Wednesday, May 30th. Finally, Zacks Investment Research upgraded Pixelworks from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Thursday, August 9th. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $7.15.

Shares of PXLW traded down $0.13 during trading hours on Friday, reaching $4.76. The stock had a trading volume of 286,000 shares, compared to its average volume of 374,631. Pixelworks has a 12 month low of $3.15 and a 12 month high of $7.05. The stock has a market capitalization of $173.82 million, a price-to-earnings ratio of 49.21 and a beta of 1.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.71 and a current ratio of 1.89.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in Pixelworks by 391.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,000 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 22,300 shares during the last quarter. Trexquant Investment LP bought a new position in Pixelworks during the 1st quarter worth $113,000. Laurion Capital Management LP bought a new position in Pixelworks during the 2nd quarter worth $116,000. Hartford Investment Management Co. bought a new position in Pixelworks during the 2nd quarter worth $134,000. Finally, Jane Street Group LLC bought a new position in Pixelworks during the 2nd quarter worth $152,000. 33.75% of the stock is owned by institutional investors and hedge funds.

About Pixelworks

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.

Read More: Moving Average – How it Helps Investors in Stock Selection

Get a free copy of the Zacks research report on Pixelworks (PXLW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pixelworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pixelworks and related companies with MarketBeat.com's FREE daily email newsletter.