Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a significant increase in short interest in November. As of November 29th, there was short interest totalling 612,400 shares, an increase of 22.8% from the November 14th total of 498,600 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 261,500 shares, the short-interest ratio is currently 2.3 days.

Several hedge funds have recently bought and sold shares of PXLW. Vanguard Group Inc. lifted its holdings in Pixelworks by 0.7% during the second quarter. Vanguard Group Inc. now owns 1,534,922 shares of the semiconductor company’s stock worth $4,528,000 after acquiring an additional 11,000 shares during the period. Renaissance Technologies LLC lifted its holdings in Pixelworks by 124.7% during the second quarter. Renaissance Technologies LLC now owns 852,124 shares of the semiconductor company’s stock worth $2,514,000 after acquiring an additional 472,900 shares during the period. BlackRock Inc. lifted its holdings in Pixelworks by 1.9% during the second quarter. BlackRock Inc. now owns 741,909 shares of the semiconductor company’s stock worth $2,188,000 after acquiring an additional 13,751 shares during the period. Worth Venture Partners LLC lifted its holdings in Pixelworks by 1.4% during the second quarter. Worth Venture Partners LLC now owns 233,880 shares of the semiconductor company’s stock worth $690,000 after acquiring an additional 3,252 shares during the period. Finally, Millennium Management LLC lifted its holdings in Pixelworks by 2,148.6% during the third quarter. Millennium Management LLC now owns 184,388 shares of the semiconductor company’s stock worth $682,000 after acquiring an additional 176,188 shares during the period. Institutional investors own 25.13% of the company’s stock.

PXLW has been the topic of several recent research reports. ValuEngine lowered Pixelworks from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Lake Street Capital lowered Pixelworks from a “buy” rating to a “hold” rating and set a $3.50 price target on the stock. in a report on Friday, November 1st. Finally, Zacks Investment Research lowered Pixelworks from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Pixelworks presently has a consensus rating of “Hold” and a consensus target price of $4.58.

Shares of PXLW stock traded down $0.01 during trading hours on Friday, reaching $2.99. The company had a trading volume of 173,696 shares, compared to its average volume of 241,492. Pixelworks has a 12 month low of $2.60 and a 12 month high of $5.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.14 and a quick ratio of 2.86. The business has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $3.29. The company has a market cap of $114.96 million, a price-to-earnings ratio of -42.71 and a beta of 2.05.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Thursday, October 31st. The semiconductor company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Pixelworks had a negative return on equity of 15.25% and a negative net margin of 8.77%. The company had revenue of $18.06 million for the quarter, compared to analyst estimates of $18.00 million. On average, equities research analysts expect that Pixelworks will post -0.25 earnings per share for the current year.

Pixelworks Company Profile

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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