Pixelworks (NASDAQ:PXLW) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.76 and traded as high as $0.81. Pixelworks shares last traded at $0.78, with a volume of 245,921 shares changing hands.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and issued a $1.50 price target on shares of Pixelworks in a report on Thursday, February 13th.

Pixelworks Stock Up 1.7 %

The firm has a fifty day simple moving average of $0.80 and a 200-day simple moving average of $0.76. The company has a market capitalization of $45.87 million, a P/E ratio of -1.59 and a beta of 1.65. The company has a quick ratio of 3.57, a current ratio of 4.02 and a debt-to-equity ratio of 0.03.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Pixelworks had a negative return on equity of 111.21% and a negative net margin of 66.47%. On average, equities research analysts expect that Pixelworks, Inc. will post -0.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Haley F. Aman sold 48,854 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $0.85, for a total transaction of $41,525.90. Following the completion of the transaction, the chief financial officer now directly owns 352,607 shares in the company, valued at approximately $299,715.95. This trade represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PXLW. Raymond James Financial Inc. acquired a new position in Pixelworks during the fourth quarter valued at approximately $31,000. GSA Capital Partners LLP acquired a new position in Pixelworks during the third quarter valued at approximately $91,000. Renaissance Technologies LLC boosted its position in Pixelworks by 44.4% during the fourth quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 225,948 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Pixelworks by 29.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company’s stock valued at $3,109,000 after purchasing an additional 965,889 shares during the last quarter. 21.37% of the stock is currently owned by institutional investors.

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.