Jacobs Levy Equity Management Inc. lifted its holdings in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 402.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,760 shares of the semiconductor company’s stock after buying an additional 308,960 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.01% of Pixelworks worth $1,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PXLW. Russell Investments Group Ltd. boosted its position in shares of Pixelworks by 975.0% during the third quarter. Russell Investments Group Ltd. now owns 43,000 shares of the semiconductor company’s stock worth $159,000 after buying an additional 39,000 shares during the period. Millennium Management LLC boosted its position in shares of Pixelworks by 2,148.6% during the third quarter. Millennium Management LLC now owns 184,388 shares of the semiconductor company’s stock worth $682,000 after buying an additional 176,188 shares during the period. Alpine Global Management LLC acquired a new position in shares of Pixelworks during the fourth quarter worth approximately $61,000. State Street Corp boosted its position in shares of Pixelworks by 9.1% during the fourth quarter. State Street Corp now owns 37,118 shares of the semiconductor company’s stock worth $146,000 after buying an additional 3,101 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Pixelworks by 27.9% during the fourth quarter. Acadian Asset Management LLC now owns 219,009 shares of the semiconductor company’s stock worth $858,000 after buying an additional 47,795 shares during the period. Institutional investors and hedge funds own 25.63% of the company’s stock.

A number of equities research analysts have weighed in on the company. ValuEngine upgraded Pixelworks from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. Lake Street Capital upgraded Pixelworks from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Pixelworks presently has a consensus rating of “Buy” and a consensus price target of $5.08.

NASDAQ PXLW opened at $3.03 on Thursday. Pixelworks, Inc. has a 1 year low of $2.06 and a 1 year high of $5.23. The business’s fifty day moving average is $3.97 and its two-hundred day moving average is $3.69. The company has a quick ratio of 2.77, a current ratio of 3.33 and a debt-to-equity ratio of 0.11.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The company had revenue of $16.02 million for the quarter, compared to analysts’ expectations of $16.00 million. Pixelworks had a negative return on equity of 18.68% and a negative net margin of 13.44%. On average, equities analysts anticipate that Pixelworks, Inc. will post -0.17 earnings per share for the current fiscal year.

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.

Further Reading: Inverted Yield Curve

Institutional Ownership by Quarter for Pixelworks (NASDAQ:PXLW)

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