Pixelworks (NASDAQ:PXLW) CFO Haley Aman Sells 12,371 Shares

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley Aman sold 12,371 shares of the company’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 $73,978.58. Following the completion of the sale, the chief financial officer owned 68,291 shares in the company, valued at approximately $408,380.18. This represents a 15.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pixelworks Price Performance

PXLW traded down $0.09 during trading on Friday, reaching $6.89. 172,695 shares of the company’s stock were exchanged, compared to its average volume of 69,319. Pixelworks, Inc. has a 1 year low of $4.67 and a 1 year high of $15.42. The stock has a market capitalization of $43.84 million, a P/E ratio of -2.94 and a beta of 1.66. The company’s fifty day simple moving average is $5.73 and its 200-day simple moving average is $6.14.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pixelworks in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Pixelworks by 2.5% during the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock valued at $3,040,000 after purchasing an additional 6,796 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Pixelworks during the third quarter valued at $155,000. Magnus Financial Group LLC purchased a new position in Pixelworks during the fourth quarter valued at $80,000. F m Investments LLC purchased a new position in Pixelworks during the fourth quarter valued at $187,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Pixelworks during the fourth quarter valued at $280,000. 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.