Equities research analysts expect that Pixelworks, Inc. (NASDAQ:PXLW) will report earnings per share of ($0.06) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Pixelworks’ earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.07). The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Pixelworks will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.03) to $0.01. For the next financial year, analysts forecast that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.04) to $0.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Pixelworks.

Pixelworks (NASDAQ:PXLW) last announced its earnings results on Thursday, February 7th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Pixelworks had a negative return on equity of 4.24% and a negative net margin of 6.04%. The firm had revenue of $20.54 million during the quarter, compared to the consensus estimate of $20.50 million.

Several equities analysts have commented on the company. ValuEngine raised Pixelworks from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Zacks Investment Research cut Pixelworks from a “buy” rating to a “hold” rating in a report on Friday, March 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Pixelworks presently has an average rating of “Buy” and a consensus target price of $6.67.

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new position in shares of Pixelworks in the 4th quarter worth approximately $30,000. Virtu Financial LLC acquired a new position in shares of Pixelworks in the 1st quarter worth approximately $58,000. Algert Global LLC raised its holdings in shares of Pixelworks by 27.4% in the 4th quarter. Algert Global LLC now owns 35,107 shares of the semiconductor company’s stock worth $102,000 after buying an additional 7,560 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Pixelworks by 50.7% in the 4th quarter. Bank of New York Mellon Corp now owns 37,394 shares of the semiconductor company’s stock worth $108,000 after buying an additional 12,575 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Pixelworks by 41.3% in the 4th quarter. Two Sigma Advisers LP now owns 55,100 shares of the semiconductor company’s stock worth $160,000 after buying an additional 16,100 shares in the last quarter. 36.28% of the stock is owned by institutional investors and hedge funds.

Pixelworks stock traded up $0.09 during trading hours on Friday, hitting $4.67. The stock had a trading volume of 220,851 shares, compared to its average volume of 296,845. The company has a quick ratio of 1.89, a current ratio of 2.06 and a debt-to-equity ratio of 0.02. The stock has a market cap of $175.29 million, a price-to-earnings ratio of -66.71 and a beta of 1.83. Pixelworks has a fifty-two week low of $2.60 and a fifty-two week high of $5.75.

Pixelworks Company Profile

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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