Parallel Advisors LLC Buys New Shares in Pixelworks, Inc. (NASDAQ:PXLW)

Parallel Advisors LLC purchased a new position in shares of Pixelworks, Inc. (NASDAQ:PXLW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,652 shares of the semiconductor company's stock, valued at approximately $28,000. Parallel Advisors LLC owned approximately 0.07% of Pixelworks as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Baird Financial Group Inc. boosted its stake in shares of Pixelworks by 29.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company's stock worth $3,109,000 after acquiring an additional 965,889 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Pixelworks in the 4th quarter worth about $31,000. Finally, Renaissance Technologies LLC increased its stake in Pixelworks by 44.4% in 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 during the period. Hedge funds and other institutional investors own 21.37% of the company's stock.

Analyst Ratings Changes

PXLW has been the topic of a number of analyst reports. Roth Mkm cut their price objective on shares of Pixelworks from $24.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of Pixelworks in a report on Wednesday, May 14th. Finally, Wall Street Zen assumed coverage on shares of Pixelworks in a report on Thursday, April 17th. They issued a "sell" rating on the stock.

Pixelworks Trading Down 8.0%

Shares of NASDAQ:PXLW traded down $0.42 during trading on Friday, reaching $4.80. The stock had a trading volume of 36,540 shares, compared to its average volume of 25,031. The business has a fifty day moving average price of $6.25 and a 200-day moving average price of $8.10. The company has a quick ratio of 3.57, a current ratio of 4.02 and a debt-to-equity ratio of 0.03. The stock has a market cap of $25.17 million, a P/E ratio of -9.80 and a beta of 1.40. Pixelworks, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $14.16.

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.