Shares of Pixelworks, Inc. (NASDAQ:PXLW) have been given a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.

Brokerages have set a 12-month consensus price objective of $6.67 for the company, according to Zacks. Zacks has also assigned Pixelworks an industry rank of 60 out of 255 based on the ratings given to related companies.

Several brokerages have commented on PXLW. Zacks Investment Research upgraded shares of Pixelworks from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Thursday. Lake Street Capital set a $7.00 target price on shares of Pixelworks and gave the stock a “buy” rating in a report on Wednesday, May 30th. Finally, TheStreet downgraded shares of Pixelworks from a “c-” rating to a “d” rating in a report on Thursday, May 3rd.

PXLW stock traded down $0.07 during mid-day trading on Friday, hitting $4.23. 186,172 shares of the company were exchanged, compared to its average volume of 504,334. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.80 and a current ratio of 1.96. The company has a market capitalization of $153.01 million, a P/E ratio of 42.30 and a beta of 0.80. Pixelworks has a 1-year low of $3.15 and a 1-year high of $7.05.

Pixelworks (NASDAQ:PXLW) last announced its earnings results on Thursday, August 2nd. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The company had revenue of $19.25 million for the quarter, compared to analyst estimates of $18.50 million. Pixelworks had a negative return on equity of 9.64% and a negative net margin of 15.98%. analysts forecast that Pixelworks will post -0.04 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in Pixelworks by 19.9% during the 4th quarter. Renaissance Technologies LLC now owns 733,246 shares of the semiconductor company’s stock worth $4,641,000 after acquiring an additional 121,500 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new position in shares of Pixelworks during the 1st quarter valued at about $3,034,000. Dimensional Fund Advisors LP raised its stake in shares of Pixelworks by 55.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 472,690 shares of the semiconductor company’s stock valued at $1,829,000 after buying an additional 168,281 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Pixelworks by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 352,648 shares of the semiconductor company’s stock valued at $2,231,000 after buying an additional 28,778 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Pixelworks by 14.3% during the 4th quarter. Millennium Management LLC now owns 325,095 shares of the semiconductor company’s stock valued at $2,058,000 after buying an additional 40,571 shares during the last quarter. 39.16% 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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