Pixelworks (NASDAQ:PXLW) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Pixelworks, Inc. (NASDAQ:PXLW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.13 and traded as high as $7.22. Pixelworks shares last traded at $7.12, with a volume of 40,271 shares changing hands.

Analysts Set New Price Targets

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

Pixelworks Stock Up 1.9%

The business’s 50-day moving average price is $6.35 and its 200 day moving average price is $6.13. The company has a market capitalization of $43.07 million, a P/E ratio of -4.37 and a beta of 1.52.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) EPS for the quarter. The firm had revenue of $0.06 million for the quarter. Analysts anticipate that Pixelworks, Inc. will post -1.58 EPS for the current fiscal year.

Insider Activity

In other Pixelworks news, CFO Haley F. Aman sold 8,157 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 value of $54,978.18. Following the transaction, the chief financial officer directly owned 94,134 shares in the company, 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 hyperlink. Also, CEO Todd Debonis sold 7,917 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $53,360.58. Following the completion of the sale, the chief executive officer directly owned 256,392 shares in the company, valued at approximately $1,728,082.08. The trade was a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Pixelworks

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bleichroeder LP purchased a new position in Pixelworks in the 4th quarter worth approximately $1,278,000. Potomac Capital Management Inc. purchased a new stake in shares of Pixelworks during the 4th quarter valued at $1,272,000. BlackRock Inc. purchased a new stake in shares of Pixelworks during the 2nd quarter valued at $465,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Pixelworks during the 4th quarter worth $280,000. Finally, F m Investments LLC bought a new stake in shares of Pixelworks during the 4th quarter worth $187,000. 21.37% of the stock is owned by hedge funds and other institutional investors.

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.