Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 98,666 shares, a decrease of 37.2% from the June 15th total of 157,090 shares. Based on an average trading volume of 58,054 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Pixelworks has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Insider Buying and Selling

In related news, CEO Todd Debonis sold 12,274 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total transaction of $73,398.52. Following the completion of the transaction, the chief executive officer owned 214,309 shares of the company’s stock, valued at approximately $1,281,567.82. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Haley F. Aman sold 12,371 shares of Pixelworks stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total transaction of $73,978.58. Following the completion of the sale, the chief financial officer owned 68,291 shares of the company’s stock, valued at $408,380.18. This trade represents a 15.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Pixelworks

Several institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Pixelworks during the fourth quarter worth $73,000. Magnus Financial Group LLC acquired a new stake in shares of Pixelworks in the fourth quarter valued at $80,000. Susquehanna International Group LLP purchased a new position in Pixelworks in the third quarter valued at $155,000. F m Investments LLC purchased a new position in Pixelworks in the fourth quarter valued at $187,000. Finally, Emerald Mutual Fund Advisers Trust grew its stake in Pixelworks by 26.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 7,904 shares in the last quarter. Institutional investors and hedge funds own 21.37% of the company’s stock.

Pixelworks Price Performance

Shares of PXLW stock traded down $0.10 during trading on Friday, reaching $5.60. The company’s stock had a trading volume of 30,294 shares, compared to its average volume of 33,562. The company has a market capitalization of $35.62 million, a price-to-earnings ratio of -2.39 and a beta of 1.73. The stock’s 50-day moving average price is $6.33 and its 200 day moving average price is $6.12. Pixelworks has a 1-year low of $4.84 and a 1-year high of $15.42.

About Pixelworks

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.