Pixelworks, Inc. (NASDAQ:PXLW) shares were up 6.7% during mid-day trading on Wednesday . The company traded as high as $6.04 and last traded at $6.01. Approximately 726,500 shares traded hands during trading, an increase of 91% from the average daily volume of 380,885 shares. The stock had previously closed at $5.63.

A number of research analysts have issued reports on PXLW shares. Dougherty & Co lifted their price objective on Pixelworks from $6.50 to $7.50 and gave the company a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research cut Pixelworks from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th.

The firm has a market capitalization of $204.48, a price-to-earnings ratio of 33.17, a PEG ratio of 3.32 and a beta of 0.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 1.98.

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

In other news, CFO Steven L. Moore sold 74,999 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $5.88, for a total value of $440,994.12. Following the completion of the sale, the chief financial officer now directly owns 496,570 shares in the company, valued at $2,919,831.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director C Scott Gibson sold 11,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $4.61, for a total value of $50,710.00. Following the completion of the sale, the director now owns 91,709 shares of the company’s stock, valued at $422,778.49. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Pixelworks by 16.1% in the second quarter. Vanguard Group Inc. now owns 1,183,883 shares of the semiconductor company’s stock valued at $5,435,000 after buying an additional 163,923 shares in the last quarter. Renaissance Technologies LLC increased 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. Orca Investment Management LLC increased its stake in shares of Pixelworks by 39.9% in the third quarter. Orca Investment Management LLC now owns 537,769 shares of the semiconductor company’s stock valued at $2,533,000 after buying an additional 153,492 shares in the last quarter. Spark Investment Management LLC increased its stake in shares of 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 in the last quarter. Finally, NEA Management Company LLC acquired a new stake in shares of Pixelworks in the third quarter valued at $1,694,000. Institutional investors own 36.00% of the company’s stock.

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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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