Pixelworks (NASDAQ:PXLW) CEO Todd Debonis Sells 7,917 Shares of Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 7,917 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $53,360.58. Following the completion of the transaction, the chief executive officer owned 256,392 shares in the company, valued at approximately $1,728,082.08. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pixelworks Stock Performance

Shares of PXLW opened at $6.87 on Friday. The firm’s 50-day simple moving average is $6.20 and its 200 day simple moving average is $6.06. The firm has a market cap of $41.56 million, a P/E ratio of -4.21 and a beta of 1.75. Pixelworks, Inc. has a 52 week low of $4.84 and a 52 week high of $15.42.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) EPS for the quarter. The firm had revenue of $0.06 million during the quarter. As a group, equities analysts forecast that Pixelworks, Inc. will post -1.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in Pixelworks during the fourth quarter worth about $73,000. Susquehanna International Group LLP bought a new stake in shares of Pixelworks during the 3rd quarter worth approximately $155,000. F m Investments LLC bought a new stake in shares of Pixelworks during the 4th quarter worth approximately $187,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of 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 acquiring an additional 7,904 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in Pixelworks in the fourth quarter valued at approximately $280,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

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.