Pixelworks, Inc. (NASDAQ:PXLW) CEO Sells $18,510.03 in Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 24,039 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $0.77, for a total value of $18,510.03. Following the completion of the transaction, the chief executive officer now directly owns 1,741,184 shares of the company’s stock, valued at $1,340,711.68. The sale was disclosed in a filing with the SEC, which is available at this link.

Pixelworks Stock Performance

NASDAQ PXLW traded up $0.01 during trading on Wednesday, reaching $0.78. 244,592 shares of the company’s stock were exchanged, compared to its average volume of 1,015,008. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.21 and a quick ratio of 4.51. The stock has a market capitalization of $44.90 million, a P/E ratio of -1.99 and a beta of 1.63. The business has a 50 day moving average price of $0.94 and a 200-day moving average price of $1.66. Pixelworks, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $3.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Traynor Capital Management Inc. acquired a new stake in Pixelworks in the 1st quarter valued at $39,000. SG Americas Securities LLC purchased a new stake in shares of Pixelworks during the first quarter valued at approximately $50,000. Marathon Capital Management bought a new stake in Pixelworks during the second quarter worth $25,000. Renaissance Technologies LLC raised its position in Pixelworks by 5.9% in the second quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock worth $487,000 after acquiring an additional 27,800 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in Pixelworks during the first quarter valued at $84,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

Wall Street Analyst Weigh In

PXLW has been the subject of a number of recent analyst reports. Roth Mkm dropped their price target on Pixelworks from $3.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. StockNews.com downgraded Pixelworks from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Craig Hallum dropped their price objective on Pixelworks from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Needham & Company LLC dropped their target price on Pixelworks from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.