Analysts Issue Forecasts for Pixelworks, Inc.’s FY2017 Earnings (PXLW)

Pixelworks, Inc. (NASDAQ:PXLW) – Equities research analysts at Dougherty & Co issued their FY2017 earnings per share estimates for shares of Pixelworks in a note issued to investors on Wednesday. Dougherty & Co analyst C. Anderson expects that the semiconductor company will post earnings of $0.08 per share for the year. Dougherty & Co currently has a “Buy” rating and a $7.50 target price on the stock. Dougherty & Co also issued estimates for Pixelworks’ Q4 2017 earnings at ($0.06) EPS.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. Pixelworks had a positive return on equity of 24.47% and a negative net margin of 0.36%. The firm had revenue of $18.76 million during the quarter, compared to analysts’ expectations of $18.53 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The business’s revenue for the quarter was up 37.3% on a year-over-year basis.

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Separately, Zacks Investment Research raised Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th.

Shares of Pixelworks (PXLW) opened at $5.52 on Monday. Pixelworks has a fifty-two week low of $2.44 and a fifty-two week high of $6.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.46 and a quick ratio of 2.35. The company has a market capitalization of $195.03, a P/E ratio of 31.78, a P/E/G ratio of 3.58 and a beta of 0.61.

A number of hedge funds have recently bought and sold shares of PXLW. Bank of New York Mellon Corp increased its stake in Pixelworks by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 855 shares during the last quarter. Renaissance Technologies LLC increased its stake in Pixelworks by 96.4% during the first quarter. Renaissance Technologies LLC now owns 668,400 shares of the semiconductor company’s stock worth $3,115,000 after acquiring an additional 328,100 shares during the last quarter. Spark Investment Management LLC increased its stake in Pixelworks by 188.6% during the second quarter. Spark Investment Management LLC now owns 363,600 shares of the semiconductor company’s stock worth $1,668,000 after acquiring an additional 237,600 shares during the last quarter. Algert Global LLC increased its stake in Pixelworks by 161.3% during the second quarter. Algert Global LLC now owns 288,441 shares of the semiconductor company’s stock worth $1,324,000 after acquiring an additional 178,063 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Pixelworks during the second quarter worth $230,000. 35.32% of the stock is owned by institutional investors.

In other Pixelworks news, Director C Scott Gibson sold 11,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $4.61, for a total transaction of $50,710.00. Following the completion of the sale, the director now owns 91,709 shares of the company’s stock, valued at $422,778.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

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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