Pixelworks (NASDAQ:PXLW) Releases Q4 2024 Earnings Guidance

Pixelworks (NASDAQ:PXLW) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.110–0.080 for the period, compared to the consensus earnings per share estimate of -0.100. The company issued revenue guidance of $9.0 million-$10.0 million, compared to the consensus revenue estimate of $10.2 million.

Pixelworks Price Performance

Shares of PXLW stock opened at $0.86 on Friday. Pixelworks has a fifty-two week low of $0.61 and a fifty-two week high of $3.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.02 and a quick ratio of 3.79. The stock’s 50-day simple moving average is $0.72 and its 200-day simple moving average is $0.94.

Wall Street Analyst Weigh In

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

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.