Pixelworks' (PXLW) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated their "sell (D-)" rating for Pixelworks, indicating ongoing concerns about the company's stock performance.
• Despite the negative rating from Weiss, the stock recently experienced a significant price increase of 23.8%, opening at $14.24.
• Institutional investment interest is rising, with Baird Financial Group increasing its position in Pixelworks by 7.3% in the last quarter.

Pixelworks (NASDAQ:PXLW - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on PXLW. Roth Capital set a $10.00 target price on Pixelworks and gave the company a "buy" rating in a research report on Wednesday, August 13th. Needham & Company LLC cut their target price on Pixelworks from $18.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised Pixelworks from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.67.

Pixelworks Stock Up 23.8%

Shares of NASDAQ:PXLW opened at $14.24 on Wednesday. The stock has a market cap of $75.97 million, a price-to-earnings ratio of -2.55 and a beta of 1.71. The company has a quick ratio of 2.35, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. Pixelworks has a 12-month low of $4.67 and a 12-month high of $15.03. The business's 50 day moving average is $10.03 and its 200 day moving average is $8.15.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pixelworks stock. Baird Financial Group Inc. grew its position in shares of Pixelworks, Inc. (NASDAQ:PXLW - Free Report) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,571,669 shares of the semiconductor company's stock after buying an additional 309,594 shares during the period. Baird Financial Group Inc. owned 7.50% of Pixelworks worth $2,866,000 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.

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