Key Points
- Pixelworks CEO Todd Debonis sold 7,917 shares at an average price of $6.74, generating $53,360.58. His remaining direct ownership fell 3% to 256,392 shares.
- Pixelworks reported a quarterly loss of $0.44 per share on $0.06 million in revenue, while analysts expect a full-year loss of $1.39 per share.
- The stock opened at $6.87, with a market capitalization of $41.56 million; analysts have a consensus “Hold” rating and a $16.00 price target.
Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) CEO Todd Debonis sold 7,917 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $53,360.58. Following the completion of the transaction, the chief executive officer directly owned 256,392 shares of the company's stock, valued at $1,728,082.08. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Pixelworks Price Performance
Shares of NASDAQ:PXLW opened at $6.87 on Friday. The firm has a 50 day simple moving average of $6.20 and a 200 day simple moving average of $6.06. The company has a market cap of $41.56 million, a price-to-earnings ratio of -4.21 and a beta of 1.75. Pixelworks, Inc. has a one year low of $4.84 and a one year high of $15.42.
Pixelworks (NASDAQ:PXLW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share for the quarter. The company had revenue of $0.06 million during the quarter. As a group, analysts expect that Pixelworks, Inc. will post -1.39 EPS for the current year.
Institutional Investors Weigh In On Pixelworks
Several large investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in Pixelworks during the 4th quarter worth about $73,000. Susquehanna International Group LLP bought a new stake in shares of Pixelworks in the 3rd quarter worth approximately $155,000. F m Investments LLC bought a new position in shares of Pixelworks during the 4th quarter valued at $187,000. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Pixelworks by 26.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company's stock worth $201,000 after buying an additional 7,904 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Pixelworks in the 4th quarter worth approximately $280,000. Hedge funds and other institutional investors own 21.37% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Pixelworks from a "sell (d-)" rating to a "sell (d)" rating in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.00.
Read Our Latest Stock Analysis on Pixelworks
About Pixelworks
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
