Pixelworks (NASDAQ:PXLW) Announces Earnings Results, Beats Estimates By $0.15 EPS

Pixelworks (NASDAQ:PXLW) issued its quarterly earnings data on Thursday. The semiconductor company reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.15, FiscalAI reports. Pixelworks had a negative return on equity of 490.11% and a negative net margin of 73.07%.The firm had revenue of ($23.42) million during the quarter, compared to analyst estimates of $9.80 million.

Pixelworks Stock Performance

Shares of PXLW stock traded down $0.16 on Thursday, hitting $5.93. 48,151 shares of the stock traded hands, compared to its average volume of 52,373. The company’s fifty day moving average is $6.31 and its 200 day moving average is $7.58. Pixelworks has a 1-year low of $4.67 and a 1-year high of $15.42. The company has a market capitalization of $37.30 million, a PE ratio of -1.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.59 and a quick ratio of 2.27.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PXLW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pixelworks in a research report on Thursday, January 22nd. Roth Mkm dropped their price target on shares of Pixelworks from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Trading of Pixelworks

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in shares of Pixelworks during the fourth quarter worth $73,000. Susquehanna International Group LLP bought a new stake in shares of Pixelworks during the 3rd quarter valued at about $155,000. Geode Capital Management LLC grew its position in shares of Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after buying an additional 6,172 shares during the last quarter. Bleichroeder LP acquired a new stake in Pixelworks during the fourth quarter worth about $1,278,000. Finally, Vanguard Group Inc. lifted its holdings in Pixelworks by 2.5% in the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after acquiring an additional 6,796 shares during the last quarter. 21.37% of the stock is owned by institutional investors and hedge funds.

About Pixelworks

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.