Pixelworks (NASDAQ:PXLW) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Pixelworks, Inc. (NASDAQ:PXLW) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.76 and traded as high as $0.77. Pixelworks shares last traded at $0.74, with a volume of 106,907 shares changing hands.

Wall Street Analyst Weigh In

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

Pixelworks Stock Down 8.4 %

The firm has a market cap of $40.77 million, a price-to-earnings ratio of -1.37 and a beta of 1.81. The business’s 50-day moving average is $0.78 and its 200-day moving average is $0.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.02.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share for the quarter, beating 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 analysts predict that Pixelworks, Inc. will post -0.27 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Haley F. Aman sold 48,854 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $0.85, for a total value of $41,525.90. Following the transaction, the chief financial officer now owns 352,607 shares of the company’s stock, valued at approximately $299,715.95. This trade represents a 12.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Pixelworks

Several institutional investors and hedge funds have recently made changes to their positions in PXLW. Raymond James Financial Inc. bought a new position in shares of Pixelworks during the 4th quarter valued at about $31,000. GSA Capital Partners LLP acquired a new stake in Pixelworks during the 3rd quarter worth approximately $91,000. Renaissance Technologies LLC lifted its stake in Pixelworks by 44.4% in the fourth quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock valued at $536,000 after buying an additional 225,948 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Pixelworks by 29.3% in 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 buying an additional 965,889 shares during the period. Institutional investors and hedge funds own 21.37% of the company’s stock.

About Pixelworks

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.