News stories about Pixelworks (NASDAQ:PXLW) have trended somewhat negative recently, Alpha One Sentiment reports. Alpha One, a service of Accern, scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pixelworks earned a coverage optimism score of -0.03 on Alpha One’s scale. Alpha One also assigned media coverage about the semiconductor company an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Alpha One Sentiment Analysis’s scoring:
- Pixelworks (PXLW) to Acquire ViXS Systems in $20.2M Deal (streetinsider.com)
- Pixelworks to Acquire ViXS Systems (finance.yahoo.com)
- The Pixelworks, Inc. (PXLW) Expected to Post Quarterly Sales of $20.63 Million – BangaloreWeekly (bangaloreweekly.com)
- The Third Generation Iris Display Processor For Tablets And Smartphones Are The Latest To Be Launched By Pixelworks, Inc (NASDAQ:PXLW), Sources Reveal (wallstreetpr.com)
- The $0.06 Earnings Per Share Expected for Pixelworks, Inc. (PXLW) This Quarter – BangaloreWeekly (bangaloreweekly.com)
A number of brokerages have recently weighed in on PXLW. TheStreet raised shares of Pixelworks from a “d” rating to a “c” rating in a research note on Friday, April 28th. Lake Street Capital raised their price objective on shares of Pixelworks from $4.00 to $5.50 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research cut shares of Pixelworks from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th.
Pixelworks (NASDAQ:PXLW) last released its earnings results on Thursday, April 27th. The semiconductor company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Pixelworks had a negative net margin of 20.80% and a negative return on equity of 38.07%. The business had revenue of $22.70 million for the quarter, compared to the consensus estimate of $22.49 million. During the same period in the previous year, the firm earned ($0.14) EPS. The business’s revenue for the quarter was up 102.7% on a year-over-year basis.
In related news, Director David J. Tupman sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $5.49, for a total value of $32,940.00. Following the sale, the director now directly owns 44,139 shares in the company, valued at approximately $242,323.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is owned by insiders.
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Pixelworks Company Profile
Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.
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