Pixelworks, Inc. (PXLW) Expected to Announce Quarterly Sales of $21.50 Million
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.
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.
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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