Pixelworks (NASDAQ:PXLW) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Pixelworks, Inc. (NASDAQ:PXLW) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.10 and traded as high as $6.33. Pixelworks shares last traded at $6.09, with a volume of 41,220 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pixelworks currently has an average rating of “Moderate Buy” and an average price target of $15.00.

Pixelworks Stock Up 1.5%

The stock’s 50-day simple moving average is $6.31 and its 200 day simple moving average is $6.10. The firm has a market cap of $38.73 million, a P/E ratio of -2.60 and a beta of 1.73.

Insider Activity

In other Pixelworks news, CEO Todd Debonis sold 12,274 shares of Pixelworks stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,398.52. Following the completion of the sale, the chief executive officer directly owned 214,309 shares in the company, valued at approximately $1,281,567.82. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Haley F. Aman sold 12,371 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,978.58. Following the completion of the transaction, the chief financial officer directly owned 68,291 shares in the company, valued at approximately $408,380.18. This trade represents a 15.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.70% of the stock is owned by corporate insiders.

Institutional Trading of Pixelworks

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Pixelworks by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock valued at $3,040,000 after acquiring an additional 6,796 shares during the period. Bleichroeder LP acquired a new stake in Pixelworks in the fourth quarter worth $1,278,000. Potomac Capital Management Inc. bought a new stake in Pixelworks in the fourth quarter valued at $1,272,000. Geode Capital Management LLC increased its stake in Pixelworks by 11.7% in the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 6,172 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Pixelworks during the 4th quarter worth about $280,000. Institutional investors own 21.37% of the company’s stock.

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.