Pixelworks (NASDAQ:PXLW) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Pixelworks, Inc. (NASDAQ:PXLW) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.14 and traded as high as $6.19. Pixelworks shares last traded at $6.19, with a volume of 31,251 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Pixelworks Price Performance

The company has a market capitalization of $39.37 million, a P/E ratio of -2.65 and a beta of 1.73. The stock’s fifty day simple moving average is $6.30 and its 200-day simple moving average is $6.14.

Insider Activity

In other Pixelworks news, CEO Todd Debonis sold 12,274 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,398.52. Following the sale, the chief executive officer owned 214,309 shares of the company’s stock, valued at $1,281,567.82. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Haley F. Aman sold 12,371 shares of Pixelworks stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,978.58. Following the completion of the transaction, the chief financial officer directly owned 68,291 shares in the company, valued at approximately $408,380.18. This represents a 15.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pixelworks

Several hedge funds have recently modified their holdings of the business. Bleichroeder LP bought a new position in Pixelworks during the fourth quarter worth $1,278,000. Potomac Capital Management Inc. bought a new position in shares of Pixelworks during the 4th quarter worth about $1,272,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Pixelworks during the fourth quarter valued at about $280,000. F m Investments LLC acquired a new position in shares of Pixelworks during the fourth quarter valued at about $187,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Pixelworks in the third quarter valued at about $155,000. 21.37% of the stock is owned by institutional investors.

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.