Deutsche Bank AG increased its position in shares of Pixelworks (NASDAQ:PXLW) by 157.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,071 shares of the semiconductor company’s stock after buying an additional 45,957 shares during the period. Deutsche Bank AG owned 0.22% of Pixelworks worth $474,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Strs Ohio bought a new position in Pixelworks during the fourth quarter worth $105,000. Emerald Advisers Inc. PA bought a new position in Pixelworks during the fourth quarter worth $208,000. AXA boosted its position in Pixelworks by 99.3% during the fourth quarter. AXA now owns 33,938 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 16,909 shares during the period. Wells Fargo & Company MN boosted its position in Pixelworks by 258.3% during the fourth quarter. Wells Fargo & Company MN now owns 42,437 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 30,594 shares during the period. Finally, Thompson Davis & CO. Inc. boosted its position in Pixelworks by 694.6% during the fourth quarter. Thompson Davis & CO. Inc. now owns 55,321 shares of the semiconductor company’s stock worth $350,000 after purchasing an additional 48,359 shares during the period. Institutional investors and hedge funds own 39.66% of the company’s stock.
Shares of Pixelworks opened at $4.15 on Wednesday, Marketbeat.com reports. Pixelworks has a 52-week low of $3.50 and a 52-week high of $7.05. The stock has a market capitalization of $143.04 million, a PE ratio of 41.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.96 and a quick ratio of 1.80.
Pixelworks (NASDAQ:PXLW) last announced its earnings results on Wednesday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Pixelworks had a negative return on equity of 0.65% and a negative net margin of 10.37%. The business had revenue of $15.29 million for the quarter, compared to analyst estimates of $15.00 million. During the same quarter last year, the company posted $0.12 EPS. analysts anticipate that Pixelworks will post -0.07 earnings per share for the current year.
A number of equities analysts have commented on PXLW shares. TheStreet cut shares of Pixelworks from a “c-” rating to a “d” rating in a research report on Thursday, May 3rd. Zacks Investment Research raised shares of Pixelworks from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th.
In other Pixelworks news, Director Daniel Heneghan bought 20,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $4.33 per share, for a total transaction of $86,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.10% of the stock is currently owned by corporate insiders.
Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.
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