Short Interest in Pixelworks, Inc. (NASDAQ:PXLW) Decreases By 14.3%

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 266,020 shares, a decrease of 14.3% from the February 26th total of 310,288 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average trading volume of 33,862 shares, the days-to-cover ratio is currently 7.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pixelworks in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Pixelworks Stock Performance

PXLW stock opened at $5.43 on Thursday. The business has a 50-day simple moving average of $5.96 and a two-hundred day simple moving average of $7.17. The company has a market capitalization of $34.53 million, a P/E ratio of -1.15 and a beta of 1.66. Pixelworks has a 52-week low of $4.67 and a 52-week high of $15.42.

Institutional Investors Weigh In On Pixelworks

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Pixelworks by 2.5% during the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after buying an additional 6,796 shares in the last quarter. Susquehanna International Group LLP bought a new position in Pixelworks during the 3rd quarter valued at $155,000. Magnus Financial Group LLC purchased a new position in Pixelworks during the 4th quarter worth $80,000. F m Investments LLC purchased a new position in Pixelworks during the 4th quarter worth $187,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Pixelworks in the 4th quarter worth $280,000. Institutional investors own 21.37% of the company’s stock.

Pixelworks Company Profile

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.