Pixelworks (NASDAQ:PXLW) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.95 and traded as high as $11.11. Pixelworks shares last traded at $10.65, with a volume of 25,450 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PXLW. Wall Street Zen upgraded shares of Pixelworks to a “sell” rating in a research note on Saturday, July 26th. Roth Mkm lowered their price objective on Pixelworks from $24.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Pixelworks in a research report on Wednesday, May 14th.

Pixelworks Stock Down 1.2%

The firm’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $7.95. The company has a market cap of $56.62 million, a price-to-earnings ratio of -1.67 and a beta of 1.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.46 and a quick ratio of 2.90.

Institutional Trading of Pixelworks

A number of large investors have recently made changes to their positions in PXLW. Parallel Advisors LLC purchased a new stake in Pixelworks in the first quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new position in shares of Pixelworks in the 4th quarter valued at $31,000. Renaissance Technologies LLC raised its position in Pixelworks by 44.4% in the 4th quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 225,948 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Pixelworks by 29.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company’s stock worth $3,109,000 after purchasing an additional 965,889 shares during the period. 21.37% of the stock is owned by institutional investors and hedge funds.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.