Pixelworks (PXLW) Earning Somewhat Favorable News Coverage, Report Finds

Media headlines about Pixelworks (NASDAQ:PXLW) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pixelworks earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 44.9764919492895 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of equities research analysts have recently commented on PXLW shares. Zacks Investment Research downgraded Pixelworks from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Dougherty & Co lifted their price objective on Pixelworks from $6.50 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Pixelworks in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $6.81.

Shares of Pixelworks (NASDAQ:PXLW) traded down $0.27 during trading hours on Friday, hitting $6.66. The stock had a trading volume of 381,012 shares, compared to its average volume of 368,018. The stock has a market capitalization of $237.37, a P/E ratio of 38.50 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 1.98. Pixelworks has a twelve month low of $2.85 and a twelve month high of $7.05.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $18.76 million during the quarter, compared to the consensus estimate of $18.53 million. Pixelworks had a positive return on equity of 20.65% and a negative net margin of 0.36%. The business’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) earnings per share. research analysts forecast that Pixelworks will post 0.09 earnings per share for the current year.

In other news, CFO Steven L. Moore sold 74,999 shares of Pixelworks stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $5.88, for a total value of $440,994.12. Following the completion of the sale, the chief financial officer now owns 496,570 shares of the company’s stock, valued at $2,919,831.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.50% of the stock is owned by insiders.

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About Pixelworks

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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