Pixelworks (NASDAQ:PXLW) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.82 and traded as high as $12.69. Pixelworks shares last traded at $12.66, with a volume of 196,890 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on PXLW. Needham & Company LLC reissued a "buy" rating and set a $18.00 price objective on shares of Pixelworks in a research note on Wednesday, May 14th. Wall Street Zen raised Pixelworks to a "sell" rating in a research report on Saturday. Finally, Roth Mkm dropped their price objective on Pixelworks from $24.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th.

Pixelworks Stock Performance

The stock has a market capitalization of $65.73 million, a price-to-earnings ratio of -1.94 and a beta of 1.45. The stock has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $7.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.90 and a current ratio of 3.46.

Institutional Investors Weigh In On Pixelworks

A number of large investors have recently added to or reduced their stakes in PXLW. Baird Financial Group Inc. boosted its holdings in shares of Pixelworks by 7.3% during the 1st quarter. Baird Financial Group Inc. now owns 4,571,669 shares of the semiconductor company's stock valued at $2,866,000 after purchasing an additional 309,594 shares during the last quarter. Renaissance Technologies LLC raised its holdings 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 in the last quarter. Parallel Advisors LLC purchased a new position in shares of Pixelworks in the 1st quarter valued at approximately $28,000. Finally, Raymond James Financial Inc. purchased a new position in Pixelworks during the 4th quarter worth approximately $31,000. Institutional investors own 21.37% of the company's stock.

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.