Zacks Investment Research lowered shares of Pixelworks (NASDAQ:PXLW) from a strong-buy rating to a hold rating in a report published on Thursday morning.
According to Zacks, “Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Broadband content includes video, computer graphics and visual Web information delivered at high speeds via cable and telecommunications lines to the homes and offices. The semiconductors integrate a microprocessor, memory and image processing circuits that function like a computer on a single chip, or system-on-a-chip. “
Separately, Northland Securities initiated coverage on Pixelworks in a research report on Wednesday, September 5th. They set an outperform rating and a $8.50 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Pixelworks currently has a consensus rating of Buy and an average price target of $7.15.
Shares of PXLW stock opened at $4.48 on Thursday. Pixelworks has a fifty-two week low of $3.15 and a fifty-two week high of $7.05. The firm has a market capitalization of $161.97 million, a PE ratio of 44.80 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.71.
Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $19.25 million for the quarter, compared to analysts’ expectations of $18.50 million. Pixelworks had a negative return on equity of 9.60% and a negative net margin of 15.98%. As a group, sell-side analysts anticipate that Pixelworks will post -0.05 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of PXLW. Dimensional Fund Advisors LP increased its position in Pixelworks by 55.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 472,690 shares of the semiconductor company’s stock worth $1,829,000 after purchasing an additional 168,281 shares in the last quarter. Russell Investments Group Ltd. increased its position in Pixelworks by 391.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,000 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 22,300 shares in the last quarter. GSA Capital Partners LLP increased its position in Pixelworks by 502.8% during the 1st quarter. GSA Capital Partners LLP now owns 195,521 shares of the semiconductor company’s stock worth $757,000 after purchasing an additional 163,088 shares in the last quarter. UBS Group AG increased its position in Pixelworks by 16.9% during the 1st quarter. UBS Group AG now owns 154,687 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 22,395 shares in the last quarter. Finally, Worth Venture Partners LLC increased its position in Pixelworks by 30.1% during the 1st quarter. Worth Venture Partners LLC now owns 236,842 shares of the semiconductor company’s stock worth $917,000 after purchasing an additional 54,812 shares in the last quarter. Hedge funds and other institutional investors own 33.61% of the company’s stock.
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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