Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 556,000 shares, an increase of 13.9% from the May 30th total of 488,100 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily volume of 236,800 shares, the short-interest ratio is currently 2.3 days.

PXLW has been the topic of several research reports. ValuEngine upgraded shares of XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet downgraded shares of Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. Finally, Dougherty & Co restated a “buy” rating and issued a $18.50 price target (up from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Pixelworks currently has a consensus rating of “Buy” and an average target price of $6.17.

Shares of PXLW stock traded up $0.08 on Friday, hitting $3.15. The company’s stock had a trading volume of 144,802 shares, compared to its average volume of 159,704. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.11 and a quick ratio of 1.93. The business has a 50 day simple moving average of $2.96. Pixelworks has a fifty-two week low of $2.60 and a fifty-two week high of $5.75. The company has a market cap of $115.26 million, a P/E ratio of -45.00 and a beta of 1.93.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Pixelworks had a negative net margin of 5.20% and a negative return on equity of 9.01%. The business had revenue of $16.65 million for the quarter, compared to the consensus estimate of $16.25 million. On average, sell-side analysts anticipate that Pixelworks will post -0.25 earnings per share for the current year.

In related news, insider Todd Debonis acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $3.49 per share, for a total transaction of $69,800.00. Following the completion of the acquisition, the insider now directly owns 858,139 shares in the company, valued at $2,994,905.11. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders acquired 56,492 shares of company stock worth $183,898. Corporate insiders own 4.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new position in shares of Pixelworks in the fourth quarter valued at about $30,000. Virtu Financial LLC bought a new stake in Pixelworks during the first quarter worth about $58,000. Cutler Group LP lifted its position in Pixelworks by 65.6% during the first quarter. Cutler Group LP now owns 18,953 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 7,510 shares during the period. Bank of New York Mellon Corp lifted its position in Pixelworks by 50.7% during the fourth 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 lifted its position in Pixelworks by 41.3% during the fourth 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. Institutional investors and hedge funds own 36.84% of the company’s stock.

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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