Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report)'s stock 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 changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on PXLW shares. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of Pixelworks in a report on Wednesday, May 14th. Roth Mkm reduced their price objective on shares of Pixelworks from $24.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised Pixelworks to a "sell" rating in a research report on Saturday.
View Our Latest Analysis on Pixelworks
Pixelworks Trading Down 10.1%
The company has a current ratio of 3.46, a quick ratio of 2.90 and a debt-to-equity ratio of 0.03. The company has a market cap of $65.01 million, a PE ratio of -1.92 and a beta of 1.45. The company has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $7.87.
Institutional Investors Weigh In On Pixelworks
Several large investors have recently modified their holdings of PXLW. Parallel Advisors LLC acquired a new position in Pixelworks during the first quarter worth about $28,000. Raymond James Financial Inc. acquired a new position in shares of Pixelworks during the 4th quarter worth $31,000. Renaissance Technologies LLC raised its stake in shares of Pixelworks by 44.4% during the 4th quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company's stock worth $536,000 after buying an additional 225,948 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in 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 acquiring an additional 309,594 shares in the last quarter. 21.37% of the stock is owned by institutional investors and hedge funds.
About Pixelworks
(
Get Free Report)
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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