Brokerages expect Pixelworks, Inc. (NASDAQ:PXLW) to post sales of $16.25 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pixelworks’ earnings. The highest sales estimate is $16.50 million and the lowest is $16.00 million. Pixelworks posted sales of $15.29 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, May 2nd.

On average, analysts expect that Pixelworks will report full year sales of $81.45 million for the current year, with estimates ranging from $78.50 million to $84.40 million. For the next fiscal year, analysts forecast that the business will post sales of $88.50 million, with estimates ranging from $82.50 million to $94.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Pixelworks.

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

A number of analysts have recently issued reports on PXLW shares. Zacks Investment Research raised shares of Pixelworks from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Wednesday, February 13th. ValuEngine raised shares of Pixelworks from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pixelworks has an average rating of “Buy” and a consensus target price of $6.67.

NASDAQ:PXLW traded down $0.05 during trading hours on Tuesday, hitting $4.55. The stock had a trading volume of 129,302 shares, compared to its average volume of 248,168. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 1.89. Pixelworks has a one year low of $2.60 and a one year high of $5.75. The company has a market cap of $174.70 million, a price-to-earnings ratio of -65.00 and a beta of 1.83.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in Pixelworks in the 4th quarter worth $30,000. Virtu Financial LLC purchased a new position in Pixelworks in the 1st quarter worth $58,000. Algert Global LLC raised its position in 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 purchasing an additional 7,560 shares during the period. Bank of New York Mellon Corp raised its position in 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 purchasing an additional 12,575 shares during the period. Finally, Two Sigma Advisers LP raised its position in 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 purchasing an additional 16,100 shares during the period. 36.28% of the stock is owned by institutional investors.

About Pixelworks

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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