Pixelworks (NASDAQ:PXLW) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Pixelworks, Inc. (NASDAQ:PXLW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.15 and traded as high as $6.28. Pixelworks shares last traded at $6.24, with a volume of 44,531 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.

Pixelworks Trading Up 0.2%

The firm has a market capitalization of $38.61 million, a P/E ratio of -2.59 and a beta of 1.73. The business has a 50-day moving average of $6.28 and a 200 day moving average of $6.14.

Insider Buying and Selling

In related news, CFO Haley F. Aman sold 12,371 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,978.58. Following the sale, the chief financial officer owned 68,291 shares in the company, valued at $408,380.18. This represents a 15.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Todd Debonis sold 12,274 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,398.52. Following the completion of the transaction, the chief executive officer owned 214,309 shares in the company, valued at $1,281,567.82. This represents a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Pixelworks by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after buying an additional 6,172 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Pixelworks by 2.5% in the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock valued at $3,040,000 after buying an additional 6,796 shares during the period. Emerald Mutual Fund Advisers Trust lifted its holdings in Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 7,904 shares during the last quarter. XTX Topco Ltd bought a new position in Pixelworks in the 4th quarter worth approximately $73,000. Finally, Magnus Financial Group LLC bought a new position in shares of Pixelworks in the fourth quarter worth $80,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

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.