Pixelworks (NASDAQ:PXLW) Rating Increased to Hold at Wall Street Zen

Key Points

• Pixelworks has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting improved analyst sentiment towards the stock.
• Despite the upgrade, Pixelworks' stock recently decreased by 7.1%, with its current trading price at $11.59.
• Institutional investors own 21.37% of Pixelworks, indicating some interest in the company from larger investment firms.

Wall Street Zen upgraded shares of Pixelworks (NASDAQ:PXLW - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other equities research analysts have also recently issued reports on PXLW. Roth Capital set a $10.00 price objective on shares of Pixelworks and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Needham & Company LLC cut their price objective on shares of Pixelworks from $18.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $11.67.

Pixelworks Trading Up 9.8%

Pixelworks stock traded up $1.00 during midday trading on Friday, hitting $11.21. 96,849 shares of the stock were exchanged, compared to its average volume of 167,963. Pixelworks has a fifty-two week low of $4.67 and a fifty-two week high of $15.03. The stock has a market capitalization of $59.86 million, a price-to-earnings ratio of -2.00 and a beta of 1.68. The stock's 50-day simple moving average is $9.75 and its 200 day simple moving average is $7.84. The company has a current ratio of 2.80, a quick ratio of 2.35 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Pixelworks

An institutional investor recently bought a new position in Pixelworks stock. Parallel Advisors LLC purchased a new stake in shares of Pixelworks, Inc. (NASDAQ:PXLW - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,652 shares of the semiconductor company's stock, valued at approximately $28,000. Parallel Advisors LLC owned about 0.07% of Pixelworks at the end of the most recent reporting period. 21.37% of the stock is currently owned by hedge funds and other institutional investors.

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.