Pixelworks (NASDAQ:PXLW) CEO Todd Debonis Sells 12,274 Shares

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 12,274 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,398.52. Following the completion of the transaction, the chief executive officer directly owned 214,309 shares in the company, valued at approximately $1,281,567.82. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Pixelworks Trading Down 1.3%

Pixelworks stock traded down $0.09 during mid-day trading on Friday, reaching $6.89. The company’s stock had a trading volume of 172,695 shares, compared to its average volume of 69,319. Pixelworks, Inc. has a twelve month low of $4.67 and a twelve month high of $15.42. The business has a 50 day moving average price of $5.73 and a 200-day moving average price of $6.14. The firm has a market cap of $43.84 million, a price-to-earnings ratio of -2.94 and a beta of 1.66.

Institutional Investors Weigh In On Pixelworks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Pixelworks during the 4th quarter valued at $73,000. Magnus Financial Group LLC bought a new stake in shares of Pixelworks in the 4th quarter worth $80,000. Susquehanna International Group LLP bought a new stake in shares of Pixelworks in the 3rd quarter worth $155,000. F m Investments LLC acquired a new stake in shares of Pixelworks in the fourth quarter valued at $187,000. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Pixelworks by 26.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 7,904 shares during the period. Institutional investors own 21.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Pixelworks in a report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Pixelworks Company Profile

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.