Pixelworks (NASDAQ:PXLW) CEO Todd Debonis Sells 12,274 Shares

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 12,274 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $5.98, for a total transaction of $73,398.52. Following the completion of the sale, the chief executive officer owned 214,309 shares in the company, valued at $1,281,567.82. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pixelworks Stock Down 1.3%

Pixelworks stock opened at $6.89 on Friday. Pixelworks, Inc. has a 52 week low of $4.67 and a 52 week high of $15.42. The firm’s 50-day simple moving average is $5.73 and its 200 day simple moving average is $6.14. The firm has a market capitalization of $43.82 million, a PE ratio of -2.94 and a beta of 1.66.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Pixelworks in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust lifted its holdings in Pixelworks by 26.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 7,904 shares in the last quarter. XTX Topco Ltd purchased a new position in Pixelworks in the 4th quarter valued at about $73,000. Bleichroeder LP purchased a new position in Pixelworks in the 4th quarter valued at about $1,278,000. Potomac Capital Management Inc. purchased a new position in Pixelworks in the 4th quarter valued at about $1,272,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 6,172 shares during the period. 21.37% of the stock is currently owned by hedge funds and other institutional investors.

Pixelworks Company Profile

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.