Pixelworks (NASDAQ:PXLW) Issues Earnings Results

Key Points

• Pixelworks reported quarterly earnings of ($1.14) EPS, missing analysts' expectations of ($1.08) EPS by ($0.06).
• The company's stock price increased by $1.01 to $9.53 during trading on the day of the earnings report, with a total of 60,529 shares exchanged.
• Analysts have mixed views, with Wall Street Zen issuing a "sell" rating, while Needham & Company maintained a "buy" rating with a price target of $18.00.

Pixelworks (NASDAQ:PXLW - Get Free Report) issued its quarterly earnings data on Tuesday. The semiconductor company reported ($1.14) EPS for the quarter, missing analysts' consensus estimates of ($1.08) by ($0.06), Zacks reports. The firm had revenue of $8.25 million during the quarter, compared to analyst estimates of $8.50 million. Pixelworks had a negative net margin of 82.36% and a negative return on equity of 300.58%.

Pixelworks Stock Performance

Shares of PXLW traded down $0.08 during mid-day trading on Friday, hitting $9.54. The stock had a trading volume of 32,570 shares, compared to its average volume of 117,767. The firm has a market cap of $50.94 million, a P/E ratio of -1.71 and a beta of 1.52. The business has a fifty day moving average price of $8.47 and a 200-day moving average price of $7.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 2.35. Pixelworks has a 52 week low of $4.67 and a 52 week high of $15.03.

Wall Street Analysts Forecast Growth

PXLW has been the topic of a number of recent research reports. Needham & Company LLC cut their price target on Pixelworks from $18.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday. Wall Street Zen upgraded Pixelworks from a "sell" rating to a "hold" rating in a research report on Saturday. Roth Capital set a $10.00 price objective on Pixelworks and gave the stock a "buy" rating in a research report on Wednesday. Finally, Roth Mkm lowered their price objective on Pixelworks from $24.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th.

Pixelworks Company Profile

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.