Zacks Investment Research upgraded shares of Pixelworks, Inc. (NASDAQ:PXLW) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Broadband content includes video, computer graphics and visual Web information delivered at high speeds via cable and telecommunications lines to the homes and offices. The semiconductors integrate a microprocessor, memory and image processing circuits that function like a computer on a single chip, or system-on-a-chip. “

Several other equities analysts also recently commented on the stock. TheStreet raised shares of Pixelworks from a d rating to a c rating in a report on Friday, April 28th. Lake Street Capital boosted their target price on shares of Pixelworks from $4.00 to $5.50 and gave the stock a buy rating in a report on Friday, April 28th.

Shares of Pixelworks (NASDAQ PXLW) opened at 4.79 on Wednesday. Pixelworks has a 1-year low of $1.97 and a 1-year high of $6.22. The company has a market capitalization of $141.58 million, a P/E ratio of 399.17 and a beta of 0.73. The firm has a 50-day moving average of $4.79 and a 200 day moving average of $4.47.

Pixelworks (NASDAQ:PXLW) last released its earnings results on Thursday, April 27th. The semiconductor company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Pixelworks had a net margin of 0.55% and a return on equity of 3.30%. The firm had revenue of $22.70 million for the quarter, compared to the consensus estimate of $22.49 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The company’s quarterly revenue was up 102.7% compared to the same quarter last year. On average, equities research analysts expect that Pixelworks will post $0.20 earnings per share for the current year.

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In other news, Director David J. Tupman sold 6,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $5.49, for a total value of $32,940.00. Following the transaction, the director now owns 44,139 shares of the company’s stock, valued at $242,323.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in PXLW. Spark Investment Management LLC increased its position in Pixelworks by 188.6% in the second quarter. Spark Investment Management LLC now owns 363,600 shares of the semiconductor company’s stock valued at $1,668,000 after buying an additional 237,600 shares during the period. Orca Investment Management LLC boosted its stake in shares of Pixelworks by 43.8% in the second quarter. Orca Investment Management LLC now owns 384,277 shares of the semiconductor company’s stock valued at $1,764,000 after buying an additional 117,132 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Pixelworks by 96.4% in the first quarter. Renaissance Technologies LLC now owns 668,400 shares of the semiconductor company’s stock valued at $3,115,000 after buying an additional 328,100 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Pixelworks during the first quarter valued at $652,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Pixelworks during the first quarter valued at $189,000. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

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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