Alambic Investment Management L.P. lowered its stake in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 38.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,733 shares of the semiconductor company’s stock after selling 161,688 shares during the period. Alambic Investment Management L.P.’s holdings in Pixelworks were worth $1,669,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Pixelworks during the 2nd quarter worth approximately $105,000. Strs Ohio purchased a new stake in shares of Pixelworks during the 4th quarter worth approximately $105,000. Macquarie Group Ltd. purchased a new stake in shares of Pixelworks during the 3rd quarter worth approximately $108,000. Stifel Financial Corp increased its stake in shares of Pixelworks by 31.1% during the 2nd quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 6,213 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Pixelworks during the 2nd quarter worth approximately $126,000. Institutional investors own 37.77% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Roth Capital restated a “buy” rating and set a $8.00 price target on shares of Pixelworks in a research note on Tuesday, January 2nd. Finally, Dougherty & Co raised their price target on shares of Pixelworks from $6.50 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.81.

In related news, CFO Steven L. Moore sold 74,999 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total value of $440,994.12. Following the completion of the transaction, the chief financial officer now directly owns 496,570 shares of the company’s stock, valued at approximately $2,919,831.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by company insiders.

Pixelworks, Inc. (NASDAQ PXLW) opened at $5.54 on Tuesday. The company has a market cap of $199.69, a P/E ratio of 32.39 and a beta of 0.40. Pixelworks, Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $7.05. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.20.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $18.76 million during the quarter, compared to the consensus estimate of $18.53 million. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. Pixelworks’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS. analysts predict that Pixelworks, Inc. will post 0.09 earnings per share for the current year.

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Pixelworks Company Profile

Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.

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Institutional Ownership by Quarter for Pixelworks (NASDAQ:PXLW)

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