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.

Pixelworks (NASDAQ:PXLW - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

PXLW has been the subject of a number of other reports. Needham & Company LLC reduced their price target 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. Roth Capital set a $10.00 price target on shares of Pixelworks and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pixelworks presently has a consensus rating of "Buy" and a consensus target price of $11.67.

Pixelworks Stock Down 7.1%

Pixelworks stock opened at $11.59 on Friday. Pixelworks has a 1-year low of $4.67 and a 1-year high of $15.03. The firm has a market capitalization of $61.89 million, a price-to-earnings ratio of -2.07 and a beta of 1.68. The company has a current ratio of 2.80, a quick ratio of 2.35 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $9.47 and a 200 day simple moving average of $7.80.

Hedge Funds Weigh In On Pixelworks

An institutional investor recently bought a new position in Pixelworks stock. Parallel Advisors LLC bought a new stake in shares of Pixelworks, Inc. (NASDAQ:PXLW - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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). 21.37% of the stock is currently owned by 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.

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