Todd Debonis Sells 41,884 Shares of Pixelworks, Inc. (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 41,884 shares of Pixelworks stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $0.74, for a total value of $30,994.16. Following the completion of the sale, the chief executive officer now directly owns 1,699,300 shares in the company, valued at $1,257,482. This represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Pixelworks Price Performance

Shares of NASDAQ:PXLW traded up $0.03 during trading on Friday, hitting $0.77. 225,406 shares of the stock were exchanged, compared to its average volume of 808,641. The company has a market cap of $45.43 million, a PE ratio of -1.57 and a beta of 1.61. The company has a current ratio of 4.02, a quick ratio of 3.57 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $0.74 and a two-hundred day moving average price of $0.90. Pixelworks, Inc. has a 12-month low of $0.61 and a 12-month high of $3.08.

Analyst Upgrades and Downgrades

PXLW has been the topic of a number of analyst reports. Needham & Company LLC decreased their price target on Pixelworks from $2.00 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. StockNews.com lowered shares of Pixelworks from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

Hedge Funds Weigh In On Pixelworks

Several hedge funds and other institutional investors have recently bought and sold shares of PXLW. SG Americas Securities LLC purchased a new stake in shares of Pixelworks in the first quarter valued at about $50,000. Marathon Capital Management acquired a new position in shares of Pixelworks during the 2nd quarter worth approximately $25,000. Renaissance Technologies LLC lifted its stake in Pixelworks by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock valued at $487,000 after buying an additional 27,800 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Pixelworks during the 3rd quarter valued at $91,000. Finally, Acadian Asset Management LLC grew its holdings in Pixelworks by 219.0% during the 1st quarter. Acadian Asset Management LLC now owns 734,287 shares of the semiconductor company’s stock valued at $1,893,000 after buying an additional 504,071 shares during the last quarter. 21.37% of the stock is owned by institutional investors and hedge funds.

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.