Pixelworks (NASDAQ:PXLW) Share Price Passes Above 200-Day Moving Average – Here’s Why

Pixelworks, Inc. (NASDAQ:PXLW)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.05 and traded as high as $6.68. Pixelworks shares last traded at $6.60, with a volume of 12,280 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

Pixelworks Stock Down 0.4%

The firm has a market capitalization of $41.38 million, a PE ratio of -4.20 and a beta of 1.75. The company’s 50-day simple moving average is $6.20 and its 200 day simple moving average is $6.06.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share for the quarter. The firm had revenue of $0.06 million during the quarter. On average, sell-side analysts forecast that Pixelworks, Inc. will post -1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Todd Debonis sold 7,917 shares of Pixelworks stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $53,360.58. Following the completion of the transaction, the chief executive officer directly owned 256,392 shares of the company’s stock, valued at $1,728,082.08. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Haley F. Aman sold 8,157 shares of Pixelworks stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $54,978.18. Following the completion of the transaction, the chief financial officer owned 94,134 shares of the company’s stock, valued at approximately $634,463.16. This represents a 7.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 6,172 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Pixelworks by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after buying an additional 6,796 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in Pixelworks by 26.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after buying an additional 7,904 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Pixelworks during the fourth quarter valued at approximately $73,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Pixelworks during the third quarter valued at approximately $155,000. 21.37% of the stock is owned by institutional investors and hedge funds.

Pixelworks Company Profile

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.