Pixelworks (NASDAQ:PXLW) Stock Rating Upgraded by ValuEngine

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ValuEngine upgraded shares of Pixelworks (NASDAQ:PXLW) from a hold rating to a buy rating in a report issued on Tuesday morning, ValuEngine reports.

A number of other analysts have also recently commented on the company. TheStreet cut Viewray from a c- rating to a d rating in a research report on Friday, May 3rd. Dougherty & Co reiterated a buy rating and set a $18.50 price objective (up previously from $17.00) on shares of Ultra Clean in a research report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $6.17.

NASDAQ:PXLW opened at $3.15 on Tuesday. The firm has a market cap of $115.25 million, a P/E ratio of -45.00 and a beta of 1.93. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.10. Pixelworks has a 52-week low of $2.60 and a 52-week high of $5.75. The stock’s fifty day moving average price is $2.96.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $16.65 million during the quarter, compared to the consensus estimate of $16.25 million. Pixelworks had a negative return on equity of 9.01% and a negative net margin of 5.20%. On average, equities analysts forecast that Pixelworks will post -0.25 EPS for the current year.

In related news, insider Todd Debonis acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $3.49 per share, for a total transaction of $69,800.00. Following the transaction, the insider now owns 858,139 shares in the company, valued at approximately $2,994,905.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have purchased 56,492 shares of company stock valued at $183,898. 4.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new stake in Pixelworks during the 4th quarter worth about $30,000. Virtu Financial LLC purchased a new stake in Pixelworks in the 1st quarter valued at about $58,000. Cutler Group LP grew its holdings in Pixelworks by 65.6% in the 1st quarter. Cutler Group LP now owns 18,953 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 7,510 shares during the period. Bank of New York Mellon Corp grew its holdings in Pixelworks by 50.7% in the 4th quarter. Bank of New York Mellon Corp now owns 37,394 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 12,575 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Pixelworks by 41.3% in the 4th quarter. Two Sigma Advisers LP now owns 55,100 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 16,100 shares during the period. Hedge funds and other institutional investors own 36.84% of the company’s stock.

Pixelworks Company Profile

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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