Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 222,158 shares, a decline of 35.5% from the December 15th total of 344,688 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average trading volume of 116,642 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 116,642 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.7% of the company’s shares are sold short.

Pixelworks Stock Down 0.9%

Shares of PXLW traded down $0.06 during midday trading on Friday, hitting $6.85. The company had a trading volume of 110,356 shares, compared to its average volume of 94,329. Pixelworks has a 1 year low of $4.67 and a 1 year high of $15.42. The firm has a market capitalization of $43.09 million, a P/E ratio of -1.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.27 and a current ratio of 2.59. The company’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $8.39.

Pixelworks (NASDAQ:PXLW) last released its earnings results on Wednesday, November 12th. The semiconductor company reported ($0.69) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.17. Pixelworks had a negative net margin of 73.07% and a negative return on equity of 490.11%. The firm had revenue of $8.77 million for the quarter, compared to analyst estimates of $9.00 million. As a group, sell-side analysts expect that Pixelworks will post -0.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PXLW. Vanguard Group Inc. grew its holdings in shares of Pixelworks by 2.5% during the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after purchasing an additional 6,796 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Pixelworks during the third quarter worth $155,000. Finally, Magnus Financial Group LLC purchased a new position in Pixelworks in the 4th quarter valued at $80,000. 21.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of Pixelworks in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pixelworks in a research note on Wednesday, October 8th. Finally, Roth Capital decreased their price target on shares of Pixelworks from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

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.