Pixelworks (NASDAQ:PXLW) Stock Rating Lowered by StockNews.com

Pixelworks (NASDAQ:PXLW) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Several other research firms also recently commented on PXLW. Needham & Company LLC lowered their target price on shares of Pixelworks from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Thursday. Craig Hallum lowered their price target on Pixelworks from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Roth Mkm lowered their price target on Pixelworks from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th.

Pixelworks Stock Down 1.2 %

Pixelworks stock traded down $0.01 during mid-day trading on Friday, hitting $0.84. 311,714 shares of the company’s stock were exchanged, compared to its average volume of 1,054,252. The company has a current ratio of 4.78, a quick ratio of 4.51 and a debt-to-equity ratio of 0.03. The stock has a market cap of $48.54 million, a P/E ratio of -2.15 and a beta of 1.63. Pixelworks has a 1-year low of $0.80 and a 1-year high of $3.08. The stock has a 50 day moving average of $0.98 and a two-hundred day moving average of $1.71.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Tuesday, May 14th. The semiconductor company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $16.05 million for the quarter, compared to the consensus estimate of $16.00 million. Pixelworks had a negative net margin of 33.22% and a negative return on equity of 55.94%. As a group, analysts anticipate that Pixelworks will post -0.51 EPS for the current fiscal year.

Insider Activity

In other news, CEO Todd Debonis sold 24,842 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $1.15, for a total value of $28,568.30. Following the sale, the chief executive officer now directly owns 1,765,223 shares of the company’s stock, valued at $2,030,006.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pixelworks

Several hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of Pixelworks by 5.9% in the second quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock valued at $487,000 after buying an additional 27,800 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Pixelworks by 78.3% in the second quarter. Acadian Asset Management LLC now owns 1,308,930 shares of the semiconductor company’s stock valued at $1,286,000 after buying an additional 574,643 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Pixelworks in the first quarter valued at about $84,000. ClariVest Asset Management LLC bought a new position in Pixelworks during the first quarter worth about $530,000. Finally, SG Americas Securities LLC bought a new position in Pixelworks during the first quarter worth about $50,000. Institutional investors own 21.37% of the company’s stock.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.