Todd Debonis Sells 12,274 Shares of Pixelworks (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 12,274 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 214,309 shares in the company, valued at approximately $1,281,567.82. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Pixelworks Stock Down 1.3%

Shares of NASDAQ PXLW opened at $6.89 on Friday. The stock’s 50 day moving average price is $5.73 and its two-hundred day moving average price is $6.14. Pixelworks, Inc. has a 52-week low of $4.67 and a 52-week high of $15.42. The stock has a market capitalization of $43.82 million, a P/E ratio of -2.94 and a beta of 1.66.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Pixelworks in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Hedge Funds Weigh In On Pixelworks

Several institutional investors have recently made changes to their positions in PXLW. XTX Topco Ltd bought a new position in shares of Pixelworks during the fourth quarter valued at approximately $73,000. Magnus Financial Group LLC bought a new position in shares of Pixelworks during the fourth quarter valued at approximately $80,000. Susquehanna International Group LLP bought a new position in shares of Pixelworks during the third quarter valued at approximately $155,000. F m Investments LLC bought a new position in shares of Pixelworks during the fourth quarter valued at approximately $187,000. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 7,904 shares during the last quarter. 21.37% of the stock is owned by institutional investors.

Pixelworks Company Profile

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.