Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley F. Aman Sells 48,854 Shares of Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley F. Aman sold 48,854 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $0.85, for a total transaction of $41,525.90. Following the completion of the transaction, the chief financial officer now directly owns 352,607 shares in the company, valued at approximately $299,715.95. The trade was a 12.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Pixelworks Stock Up 2.7 %

PXLW stock opened at $0.86 on Thursday. The business’s 50-day moving average price is $0.79 and its 200-day moving average price is $0.76. The stock has a market cap of $50.43 million, a P/E ratio of -1.75 and a beta of 1.65. The company has a quick ratio of 3.57, a current ratio of 4.02 and a debt-to-equity ratio of 0.03. Pixelworks, Inc. has a twelve month low of $0.61 and a twelve month high of $3.08.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. Pixelworks had a negative net margin of 66.47% and a negative return on equity of 111.21%. On average, equities research analysts forecast that Pixelworks, Inc. will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PXLW. Baird Financial Group Inc. raised its holdings in Pixelworks by 29.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company’s stock valued at $3,109,000 after acquiring an additional 965,889 shares during the period. Renaissance Technologies LLC grew its position in shares of Pixelworks by 44.4% during the fourth quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 225,948 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Pixelworks during the 3rd quarter valued at approximately $91,000. Finally, Raymond James Financial Inc. purchased a new position in Pixelworks in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and set a $1.50 price target on shares of Pixelworks in a research note on Thursday, February 13th.

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.