Haley Aman Sells 8,157 Shares of Pixelworks (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley Aman sold 8,157 shares of Pixelworks stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $54,978.18. Following the transaction, the chief financial officer directly owned 94,134 shares of the company’s stock, valued at $634,463.16. This represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Pixelworks Stock Down 0.4%

PXLW stock opened at $6.84 on Friday. The firm has a market cap of $41.38 million, a price-to-earnings ratio of -4.20 and a beta of 1.75. The company’s fifty day simple moving average is $6.20 and its 200 day simple moving average is $6.06. Pixelworks, Inc. has a 12-month low of $4.84 and a 12-month high of $15.42.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share for the quarter. The business had revenue of $0.06 million during the quarter. Research analysts expect that Pixelworks, Inc. will post -1.39 earnings per share for the current year.

Institutional Investors Weigh In On Pixelworks

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings 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 valued at $3,040,000 after purchasing an additional 6,796 shares during the period. Bleichroeder LP acquired a new stake in shares of Pixelworks in the 4th quarter valued at about $1,278,000. Potomac Capital Management Inc. bought a new stake in Pixelworks in the 4th quarter valued at about $1,272,000. BlackRock Inc. bought a new stake in Pixelworks in the 2nd quarter valued at about $465,000. Finally, Geode Capital Management LLC raised its stake in Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after buying an additional 6,172 shares during the period. 21.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Two research 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, Pixelworks has an average rating of “Hold” and a consensus price target of $16.00.

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.