Pixelworks (NASDAQ:PXLW) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Pixelworks, Inc. (NASDAQ:PXLW) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.10 and traded as high as $6.33. Pixelworks shares last traded at $6.09, with a volume of 41,220 shares trading hands.

Wall Street Analyst Weigh In

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

Pixelworks Trading Up 1.5%

The company has a market cap of $38.73 million, a price-to-earnings ratio of -2.60 and a beta of 1.73. The business has a 50-day moving average price of $6.31 and a 200 day moving average price of $6.10.

Insider Buying and Selling at Pixelworks

In other news, CFO Haley F. Aman sold 12,371 shares of Pixelworks stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,978.58. Following the transaction, the chief financial officer owned 68,291 shares in the company, valued at approximately $408,380.18. The trade was a 15.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd Debonis sold 12,274 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,398.52. Following the transaction, the chief executive officer directly owned 214,309 shares in the company, valued at $1,281,567.82. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Pixelworks

Several large investors have recently made changes to their positions in PXLW. XTX Topco Ltd bought a new stake in shares of Pixelworks during the 4th quarter worth $73,000. Susquehanna International Group LLP bought a new position in shares of Pixelworks during the 3rd quarter worth about $155,000. F m Investments LLC acquired a new position in shares of Pixelworks in the 4th quarter worth approximately $187,000. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Pixelworks by 26.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 7,904 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Pixelworks during the fourth quarter worth about $280,000. Institutional investors own 21.37% of the company’s stock.

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.