Pixelworks (NASDAQ:PXLW) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Pixelworks, Inc. (NASDAQ:PXLW) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.13 and traded as high as $7.15. Pixelworks shares last traded at $6.98, with a volume of 314,288 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pixelworks in a research 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 company’s stock. According to data from MarketBeat, Pixelworks currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Pixelworks Price Performance

The company has a market capitalization of $43.82 million, a price-to-earnings ratio of -2.94 and a beta of 1.66. The firm has a 50-day moving average price of $5.73 and a two-hundred day moving average price of $6.14.

Insider Activity

In related news, CEO Todd Debonis sold 12,274 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,398.52. Following the completion of the transaction, the chief executive officer directly owned 214,309 shares of the company’s stock, valued at approximately $1,281,567.82. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Haley F. Aman sold 12,371 shares of the 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 transaction, the chief financial officer directly owned 68,291 shares of the company’s stock, valued at $408,380.18. This trade represents a 15.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PXLW. Bleichroeder LP acquired a new position in Pixelworks during the fourth quarter valued at approximately $1,278,000. Potomac Capital Management Inc. acquired a new position in Pixelworks during the fourth quarter valued at approximately $1,272,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Pixelworks during the fourth quarter valued at approximately $280,000. F m Investments LLC acquired a new position in Pixelworks during the fourth quarter valued at approximately $187,000. Finally, Susquehanna International Group LLP acquired a new position in Pixelworks during the third quarter valued at approximately $155,000. 21.37% of the stock is owned by institutional investors and hedge funds.

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.