Pixelworks (NASDAQ:PXLW) Rating Increased to Hold at StockNews.com

Pixelworks (NASDAQ:PXLW) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

PXLW has been the topic of a number of other reports. Needham & Company LLC decreased their price objective on Pixelworks from $3.50 to $2.50 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Roth Mkm decreased their price objective on Pixelworks from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Craig Hallum decreased their price target on Pixelworks from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th.

Pixelworks Stock Performance

Shares of NASDAQ PXLW opened at $1.08 on Tuesday. The stock has a market cap of $62.43 million, a price-to-earnings ratio of -2.77 and a beta of 1.82. The company has a current ratio of 4.78, a quick ratio of 4.51 and a debt-to-equity ratio of 0.03. Pixelworks has a 1-year low of $1.01 and a 1-year high of $3.08. The stock’s 50-day moving average is $2.03 and its 200 day moving average is $1.81.

Insiders Place Their Bets

In other news, CEO Todd Debonis sold 24,842 shares of Pixelworks stock in a transaction that occurred on 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 in the company, valued at approximately $2,030,006.45. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Pixelworks

Several hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in shares of Pixelworks by 219.0% during the first quarter. Acadian Asset Management LLC now owns 734,287 shares of the semiconductor company’s stock valued at $1,893,000 after purchasing an additional 504,071 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Pixelworks during the first quarter valued at approximately $84,000. ClariVest Asset Management LLC bought a new stake in shares of Pixelworks during the first quarter valued at approximately $530,000. SG Americas Securities LLC bought a new stake in shares of Pixelworks during the first quarter valued at approximately $50,000. Finally, Traynor Capital Management Inc. purchased a new position in Pixelworks during the first quarter valued at $39,000. 21.37% of the stock is currently owned by institutional investors.

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.