Pixelworks, Inc. (NASDAQ:PXLW) Sees Large Increase in Short Interest

Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 359,198 shares, an increase of 35.9% from the January 15th total of 264,340 shares. Based on an average daily volume of 82,919 shares, the short-interest ratio is presently 4.3 days. Currently, 6.0% of the shares of the company are sold short. Currently, 6.0% of the shares of the company are sold short. Based on an average daily volume of 82,919 shares, the short-interest ratio is presently 4.3 days.

Pixelworks Price Performance

Shares of Pixelworks stock traded down $0.02 on Friday, hitting $5.83. The company’s stock had a trading volume of 30,070 shares, compared to its average volume of 62,420. The company has a market capitalization of $36.67 million, a price-to-earnings ratio of -1.23 and a beta of 1.63. Pixelworks has a 1 year low of $4.67 and a 1 year high of $15.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.27 and a current ratio of 2.59. The firm has a fifty day moving average price of $6.44 and a 200-day moving average price of $8.01.

Analysts Set New Price Targets

A number of research firms have weighed in on PXLW. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pixelworks in a research note on Thursday, January 22nd. Roth Mkm reduced their price target on Pixelworks from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pixelworks currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Institutional Investors Weigh In On Pixelworks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Pixelworks by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 6,172 shares during the period. Vanguard Group Inc. grew its position in shares of Pixelworks by 2.5% in the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock valued at $3,040,000 after purchasing an additional 6,796 shares during the period. Magnus Financial Group LLC purchased a new stake in shares of Pixelworks during the fourth quarter worth about $80,000. Susquehanna International Group LLP acquired a new position in shares of Pixelworks during the 3rd quarter worth about $155,000. Finally, F m Investments LLC purchased a new position in Pixelworks in the 4th quarter valued at about $187,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

About Pixelworks

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.