Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 130,209 shares, a decrease of 41.1% from the May 14th total of 220,916 shares. Based on an average daily volume of 171,344 shares, the short-interest ratio is presently 0.8 days. Currently, 2.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Three research 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, Pixelworks presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Pixelworks Trading Down 7.4%

Shares of PXLW stock opened at $6.40 on Wednesday. The stock has a market cap of $40.70 million, a price-to-earnings ratio of -2.74 and a beta of 1.71. The stock has a 50-day moving average of $6.14 and a 200-day moving average of $6.20. Pixelworks has a 1-year low of $4.84 and a 1-year high of $15.42.

Insider Transactions at Pixelworks

In other Pixelworks news, CEO Todd Debonis sold 12,274 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was 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 owned 214,309 shares of the company’s stock, valued at $1,281,567.82. This represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Haley F. Aman sold 12,371 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,978.58. Following the completion of the transaction, the chief financial officer directly owned 68,291 shares of the company’s stock, valued at approximately $408,380.18. The trade was a 15.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pixelworks

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Pixelworks by 2.5% in the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock valued at $3,040,000 after buying an additional 6,796 shares during the period. Bleichroeder LP bought a new stake in shares of Pixelworks during the 4th quarter valued at about $1,278,000. Potomac Capital Management Inc. bought a new stake in shares of Pixelworks during the 4th quarter valued at about $1,272,000. Geode Capital Management LLC boosted 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 purchasing an additional 6,172 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Pixelworks during the 4th quarter valued at about $280,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

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.