Pixelworks, Inc. (NASDAQ:PXLW) Sees Large Drop in Short Interest

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 98,666 shares, a decline of 37.2% from the June 15th total of 157,090 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 58,054 shares, the short-interest ratio is currently 1.7 days.

Insiders Place Their Bets

In related news, CEO Todd Debonis sold 12,274 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,398.52. Following the completion of the transaction, the chief executive officer directly owned 214,309 shares of the company’s stock, valued at $1,281,567.82. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Haley F. Aman sold 12,371 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,978.58. Following the completion of the transaction, the chief financial officer directly owned 68,291 shares of the company’s stock, valued at approximately $408,380.18. This trade represents a 15.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of Pixelworks by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 6,172 shares during the period. Vanguard Group Inc. boosted its position in shares of Pixelworks by 2.5% during the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after buying an additional 6,796 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after buying an additional 7,904 shares in the last quarter. XTX Topco Ltd acquired a new stake in Pixelworks in the 4th quarter valued at approximately $73,000. Finally, Magnus Financial Group LLC acquired a new stake in Pixelworks in the 4th quarter valued at approximately $80,000. 21.37% of the stock is owned by institutional investors.

Pixelworks Stock Down 0.0%

NASDAQ PXLW traded down $0.00 during trading hours on Friday, hitting $5.70. The company’s stock had a trading volume of 11,464 shares, compared to its average volume of 69,602. Pixelworks has a twelve month low of $4.84 and a twelve month high of $15.42. The firm has a market capitalization of $36.25 million, a P/E ratio of -2.44 and a beta of 1.73. The stock has a fifty day moving average of $6.34 and a 200 day moving average of $6.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Pixelworks currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

About Pixelworks

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.