Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 262,300 shares, a decrease of 43.6% from the October 15th total of 465,300 shares. Based on an average trading volume of 281,100 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on PXLW. StockNews.com lowered Pixelworks from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Needham & Company LLC decreased their target price on Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a research report on Wednesday.

Pixelworks Stock Performance

NASDAQ:PXLW traded up $0.12 during midday trading on Wednesday, reaching $0.80. 919,558 shares of the company traded hands, compared to its average volume of 821,422. Pixelworks has a twelve month low of $0.61 and a twelve month high of $3.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.21 and a quick ratio of 3.79. The firm has a market capitalization of $46.84 million, a price-to-earnings ratio of -1.74 and a beta of 1.61. The company has a fifty day moving average price of $0.72 and a 200 day moving average price of $0.94.

Institutional Trading of Pixelworks

Several institutional investors and hedge funds have recently bought and sold shares of PXLW. Marathon Capital Management bought a new stake in Pixelworks in the second quarter worth $25,000. SG Americas Securities LLC acquired a new position in Pixelworks during the first quarter valued at approximately $50,000. Susquehanna Fundamental Investments LLC acquired a new position in Pixelworks during the first quarter worth approximately $84,000. GSA Capital Partners LLP acquired a new position in shares of Pixelworks in the third quarter valued at approximately $91,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Pixelworks by 5.9% during the second quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock worth $487,000 after purchasing an additional 27,800 shares during the period. Institutional investors and hedge funds own 21.37% of the company’s stock.

About Pixelworks

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.