Insider Selling: Pixelworks (NASDAQ:PXLW) CEO Sells $53,360.58 in Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 7,917 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $53,360.58. Following the completion of the transaction, the chief executive officer owned 256,392 shares in the company, valued at $1,728,082.08. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Pixelworks Stock Performance

Pixelworks stock opened at $6.84 on Friday. The company has a 50 day moving average price of $6.20 and a 200-day moving average price of $6.06. Pixelworks, Inc. has a fifty-two week low of $4.84 and a fifty-two week high of $15.42. The company has a market capitalization of $41.38 million, a PE ratio of -4.20 and a beta of 1.75.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share (EPS) for the quarter. The company had revenue of $0.06 million during the quarter. On average, analysts forecast that Pixelworks, Inc. will post -1.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PXLW. BlackRock Inc. bought a new stake in shares of Pixelworks in the 2nd quarter valued at about $465,000. Emerald Mutual Fund Advisers Trust lifted its position 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 worth $201,000 after purchasing an additional 7,904 shares during the period. XTX Topco Ltd purchased a new stake in shares of Pixelworks in the 4th quarter worth approximately $73,000. Bleichroeder LP bought a new position in shares of Pixelworks during the fourth quarter valued at approximately $1,278,000. Finally, Potomac Capital Management Inc. bought a new position in shares of Pixelworks during the fourth quarter valued at approximately $1,272,000. Hedge funds and other 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.