Pixelworks (PXLW) News Today

Pixelworks (NASDAQ:PXLW) will be releasing earnings after the market closes on Wednesday, August 7, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=612108)

Acadian Asset Management LLC raised its stake in Pixelworks, Inc. (NASDAQ:PXLW - Free Report) by 219.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 734,287 shares of the semiconductor company's stock after buying an addit

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 557,700 shares, a growth of 28.6% from the June 15th total of 433,800 shares. Based on an average daily volume of 547,500 shares, the days-to-cover ratio is presently 1.0 days.

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 433,800 shares, a drop of 25.2% from the May 31st total of 579,800 shares. Based on an average daily trading volume, of 564,200 shares, the days-to-cover ratio is presently 0.8 days.

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 275,700 shares, a decline of 46.4% from the April 30th total of 514,400 shares. Based on an average trading volume of 603,100 shares, the short-interest ratio is presently 0.5 days.

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) CEO Todd Debonis sold 24,842 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $1.15, for a total transaction of $28,568.30. Following the transaction, the chief executive officer now owns 1,765,223 shares of the company's stock, valued at $2,030,006.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Pixelworks (NASDAQ:PXLW) updated its second quarter 2024 earnings guidance. The company provided EPS guidance of -0.160--0.130 for the period, compared to the consensus estimate of -0.120. The company also issued revenue guidance of $8.0 millionillion-$9.0 millionillion, compared to the consensus estimate of $8.5 millionillion.

Craig Hallum dropped their target price on Pixelworks from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday.

Pixelworks, Inc. (NASDAQ:PXLW - Get Free Report) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 554,000 shares, a drop of 29.0% from the March 31st total of 780,300 shares. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is presently 0.3 days.

StockNews.com upgraded shares of Pixelworks from a "sell" rating to a "hold" rating in a research report on Wednesday.