Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.97 and traded as high as $11.39. Pixelworks shares last traded at $10.96, with a volume of 165,155 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have weighed in on PXLW. Needham & Company LLC decreased their price target on shares of Pixelworks from $18.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Roth Capital set a $10.00 price objective on Pixelworks and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded Pixelworks from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pixelworks presently has an average rating of "Buy" and a consensus target price of $11.67.
Read Our Latest Research Report on PXLW
Pixelworks Stock Up 12.0%
The stock has a market capitalization of $58.53 million, a P/E ratio of -1.96 and a beta of 1.68. The company's 50-day moving average price is $9.93 and its 200 day moving average price is $7.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.35 and a current ratio of 2.80.
Hedge Funds Weigh In On Pixelworks
An institutional investor recently bought a new position in Pixelworks stock. Parallel Advisors LLC purchased a new position in Pixelworks, Inc. (NASDAQ:PXLW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,652 shares of the semiconductor company's stock, valued at approximately $28,000. Parallel Advisors LLC owned about 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
(
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.
Further Reading
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