Pixelworks (NASDAQ:PXLW) Issues Quarterly Earnings Results

Pixelworks (NASDAQ:PXLW) issued its quarterly earnings data on Wednesday. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02, Zacks reports. Pixelworks had a negative return on equity of 93.16% and a negative net margin of 50.01%.

Pixelworks Trading Down 2.5 %

Shares of Pixelworks stock traded down $0.02 during trading on Wednesday, hitting $0.82. The stock had a trading volume of 385,065 shares, compared to its average volume of 342,595. Pixelworks has a 12 month low of $0.61 and a 12 month 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 3.57. The firm’s fifty day simple moving average is $0.79 and its 200-day simple moving average is $0.76. The stock has a market cap of $48.33 million, a PE ratio of -1.74 and a beta of 1.65.

Insiders Place Their Bets

In other news, CEO Todd Debonis sold 41,884 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $0.74, for a total value of $30,994.16. Following the transaction, the chief executive officer now directly owns 1,699,300 shares in the company, valued at approximately $1,257,482. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.70% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Needham & Company LLC dropped their price objective on shares of Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th.

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.