Roth Capital reissued their buy rating on shares of Pixelworks (NASDAQ:PXLW) in a report released on Tuesday. They currently have a $8.00 price target on the semiconductor company’s stock.

PXLW has been the topic of several other reports. Dougherty & Co boosted their target price on shares of Pixelworks from $6.50 to $7.50 and gave the stock a buy rating in a research report on Wednesday, November 8th. Zacks Investment Research lowered shares of Pixelworks from a hold rating to a sell rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $6.81.

Shares of Pixelworks (NASDAQ:PXLW) traded down $0.02 on Tuesday, reaching $6.58. 286,228 shares of the company’s stock traded hands, compared to its average volume of 384,577. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.20. The firm has a market cap of $225.38, a PE ratio of 35.17 and a beta of 0.60. Pixelworks has a 12 month low of $2.80 and a 12 month high of $6.73.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05. The company had revenue of $18.76 million for the quarter, compared to analysts’ expectations 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 was up 37.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) EPS. sell-side analysts anticipate that Pixelworks will post 0.09 EPS for the current fiscal year.

In other Pixelworks news, CFO Steven L. Moore sold 74,999 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total transaction of $440,994.12. Following the sale, the chief financial officer now directly owns 496,570 shares in the company, valued at approximately $2,919,831.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Pixelworks by 16.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,183,883 shares of the semiconductor company’s stock worth $5,435,000 after purchasing an additional 163,923 shares in the last quarter. Orca Investment Management LLC boosted its position in shares of Pixelworks by 39.9% during the 3rd quarter. Orca Investment Management LLC now owns 537,769 shares of the semiconductor company’s stock worth $2,533,000 after purchasing an additional 153,492 shares in the last quarter. NEA Management Company LLC purchased a new stake in shares of Pixelworks during the 3rd quarter worth $1,694,000. OxFORD Asset Management LLP purchased a new stake in shares of Pixelworks during the 2nd quarter worth $1,604,000. Finally, Algert Global LLC boosted its position in shares of Pixelworks by 19.9% during the 3rd quarter. Algert Global LLC now owns 345,781 shares of the semiconductor company’s stock worth $1,629,000 after purchasing an additional 57,340 shares in the last quarter. Institutional investors own 37.64% 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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