Insider Selling: Pixelworks (NASDAQ:PXLW) CFO Sells $54,978.18 in Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley Aman sold 8,157 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $54,978.18. Following the completion of the transaction, the chief financial officer directly owned 94,134 shares in the company, valued at approximately $634,463.16. This represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pixelworks Stock Up 4.1%

Shares of Pixelworks stock traded up $0.27 during trading hours on Thursday, reaching $6.87. 47,948 shares of the stock traded hands, compared to its average volume of 65,014. The company has a 50 day moving average price of $6.20 and a 200 day moving average price of $6.05. The firm has a market capitalization of $41.56 million, a price-to-earnings ratio of -4.21 and a beta of 1.75. Pixelworks, Inc. has a one year low of $4.84 and a one year high of $15.42.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) EPS for the quarter. The firm had revenue of $0.06 million for the quarter. Sell-side analysts anticipate that Pixelworks, Inc. will post -1.39 earnings per share for the current year.

Institutional Trading of Pixelworks

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of Pixelworks during the 4th quarter valued at about $73,000. Susquehanna International Group LLP purchased a new stake in Pixelworks in the 3rd quarter worth approximately $155,000. F m Investments LLC bought a new stake in Pixelworks during the 4th quarter worth approximately $187,000. Emerald Mutual Fund Advisers Trust raised its stake in Pixelworks by 26.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after acquiring an additional 7,904 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Pixelworks during the fourth quarter valued at approximately $280,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

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.