Pixelworks Target of Unusually Large Options Trading (PXLW)

Pixelworks, Inc. (NASDAQ:PXLW) was the target of unusually large options trading activity on Thursday. Stock investors bought 2,008 call options on the stock. This represents an increase of 1,334% compared to the typical volume of 140 call options.

Pixelworks (NASDAQ PXLW) opened at $6.66 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.98 and a quick ratio of 1.72. Pixelworks has a 1-year low of $2.85 and a 1-year high of $7.05. The company has a market cap of $228.12, a price-to-earnings ratio of 38.50 and a beta of 0.60.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $18.76 million during the quarter, compared to analyst estimates of $18.53 million. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The company’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) EPS. sell-side analysts predict that Pixelworks will post 0.09 earnings per share for the current fiscal year.

In other Pixelworks news, CFO Steven L. Moore sold 74,999 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total value of $440,994.12. Following the completion of the transaction, the chief financial officer now directly owns 496,570 shares in the company, valued at approximately $2,919,831.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Pixelworks by 16.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,183,883 shares of the semiconductor company’s stock worth $5,435,000 after acquiring an additional 163,923 shares in the last quarter. Orca Investment Management LLC increased its stake in shares of Pixelworks by 39.9% in the 3rd quarter. Orca Investment Management LLC now owns 537,769 shares of the semiconductor company’s stock worth $2,533,000 after acquiring an additional 153,492 shares in the last quarter. NEA Management Company LLC bought a new position in shares of Pixelworks in the 3rd quarter worth about $1,694,000. OxFORD Asset Management LLP bought a new position in shares of Pixelworks in the 2nd quarter worth about $1,604,000. Finally, Algert Global LLC increased its stake in shares of Pixelworks by 19.9% in the 3rd quarter. Algert Global LLC now owns 345,781 shares of the semiconductor company’s stock worth $1,629,000 after acquiring an additional 57,340 shares in the last quarter. Institutional investors own 37.64% of the company’s stock.

Several research analysts have commented on the stock. Roth Capital restated a “buy” rating and issued a $8.00 price objective on shares of Pixelworks in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Dougherty & Co upped their price objective on shares of Pixelworks from $6.50 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $6.81.

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About Pixelworks

Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.

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