Short Interest in Pixelworks, Inc. (NASDAQ:PXLW) Decreases By 35.5%

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 222,158 shares, a drop of 35.5% from the December 15th total of 344,688 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 116,642 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 116,642 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.7% of the shares of the stock are short sold.

Institutional Trading of Pixelworks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Pixelworks by 2.5% in the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock valued at $3,040,000 after buying an additional 6,796 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Pixelworks in the 4th quarter valued at approximately $80,000. Finally, Susquehanna International Group LLP bought a new position in Pixelworks during the 3rd quarter worth approximately $155,000. 21.37% of the stock is currently owned by institutional investors and hedge funds.

Pixelworks Price Performance

Shares of PXLW stock traded down $0.06 during trading hours on Friday, reaching $6.85. 110,356 shares of the company were exchanged, compared to its average volume of 94,329. Pixelworks has a fifty-two week low of $4.67 and a fifty-two week high of $15.42. The stock’s fifty day moving average is $6.49 and its two-hundred day moving average is $8.41. The company has a market cap of $43.09 million, a price-to-earnings ratio of -1.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.59 and a quick ratio of 2.27.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Wednesday, November 12th. The semiconductor company reported ($0.69) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.17. The business had revenue of $8.77 million during the quarter, compared to analyst estimates of $9.00 million. Pixelworks had a negative net margin of 73.07% and a negative return on equity of 490.11%. Sell-side analysts forecast that Pixelworks will post -0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reiterated a “buy” rating on shares of Pixelworks in a research report on Wednesday, October 15th. Roth Capital reduced their target price on shares of Pixelworks from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pixelworks in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Pixelworks Company Profile

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.