Pixelworks (NASDAQ:PXLW) CFO Sells 8,157 Shares

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley Aman sold 8,157 shares of Pixelworks stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $54,978.18. Following the transaction, the chief financial officer owned 94,134 shares in the company, valued at approximately $634,463.16. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Pixelworks Trading Up 4.1%

Pixelworks stock traded up $0.27 during mid-day trading on Thursday, hitting $6.87. The stock had a trading volume of 47,948 shares, compared to its average volume of 65,014. The firm has a market capitalization of $41.56 million, a P/E ratio of -4.21 and a beta of 1.75. The firm’s 50 day moving average is $6.20 and its 200 day moving average is $6.05. Pixelworks, Inc. has a one year low of $4.84 and a one year high of $15.42.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million during the quarter. As a group, equities research analysts forecast that Pixelworks, Inc. will post -1.39 earnings per share for the current year.

Hedge Funds Weigh In On Pixelworks

Several hedge funds have recently modified their holdings of PXLW. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 6,796 shares during the last quarter. Bleichroeder LP bought a new stake in Pixelworks in the 4th quarter valued at $1,278,000. Potomac Capital Management Inc. purchased a new stake in Pixelworks in the 4th quarter worth $1,272,000. BlackRock Inc. purchased a new stake in Pixelworks in the 2nd quarter worth $465,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 6,172 shares during the last quarter. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Pixelworks currently has an average rating of “Hold” and a consensus target price of $16.00.

About Pixelworks

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.