Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 349,100 shares, a growth of 54.1% from the January 31st total of 226,500 shares. Based on an average daily volume of 354,500 shares, the short-interest ratio is presently 1.0 days.

Insider Transactions at Pixelworks

In related news, CFO Haley F. Aman sold 48,854 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 in the company, valued at approximately $299,715.95. This represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Pixelworks

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Pixelworks in the 4th quarter valued at about $31,000. GSA Capital Partners LLP bought a new position in shares of Pixelworks in the third quarter worth approximately $91,000. Renaissance Technologies LLC raised 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 purchasing an additional 225,948 shares in the last quarter. Finally, Baird Financial Group Inc. lifted 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. Institutional investors own 21.37% of the company’s stock.

Analyst Ratings Changes

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

Pixelworks Stock Performance

Pixelworks stock traded down $0.01 during mid-day trading on Friday, reaching $0.74. The company’s stock had a trading volume of 263,300 shares, compared to its average volume of 362,321. Pixelworks has a 12-month low of $0.61 and a 12-month high of $3.08. The firm’s fifty day moving average price is $0.80 and its two-hundred day moving average price 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. The company has a market capitalization of $43.51 million, a P/E ratio of -1.51 and a beta of 1.65.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Pixelworks had a negative net margin of 66.47% and a negative return on equity of 111.21%. Sell-side analysts predict that Pixelworks will post -0.27 EPS for the current fiscal year.

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.