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

Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 79,774 shares, a decline of 32.6% from the August 15th total of 118,304 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 36,979 shares, the short-interest ratio is currently 2.2 days.

Pixelworks Price Performance

NASDAQ PXLW opened at $6.95 on Friday. The company has a market cap of $42.05 million, a P/E ratio of -4.26 and a beta of 1.52. The stock has a 50-day moving average of $6.50 and a two-hundred day moving average of $6.19. Pixelworks has a 1-year low of $4.84 and a 1-year high of $15.42.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share (EPS) for the quarter. The firm had revenue of $0.06 million for the quarter. On average, analysts anticipate that Pixelworks will post -1.58 EPS for the current fiscal year.

Insider Transactions at Pixelworks

In other Pixelworks news, CFO Haley F. Aman sold 8,157 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $54,978.18. Following the transaction, the chief financial officer owned 94,134 shares of the company’s stock, valued at $634,463.16. This represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Todd Debonis sold 7,917 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $53,360.58. Following the transaction, the chief executive officer directly owned 256,392 shares of the company’s stock, valued at approximately $1,728,082.08. This trade represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

Large investors have recently modified their holdings of the stock. Potomac Capital Management Inc. purchased a new position in Pixelworks in the fourth quarter valued at $1,272,000. BlackRock Inc. acquired a new position in Pixelworks during the 2nd quarter worth $465,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Pixelworks during the 4th quarter worth about $280,000. Emerald Mutual Fund Advisers Trust increased its holdings 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 during the period. Finally, Squarepoint Ops LLC raised its position in Pixelworks by 49.0% in the 2nd quarter. Squarepoint Ops LLC now owns 18,552 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 6,101 shares in the last quarter. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pixelworks in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.00.

Pixelworks Company Profile

Pixelworks, Inc (NASDAQ: PXLW) is a semiconductor and software company that develops visual processing technologies for consumer electronics. Its solutions are designed to improve image quality, motion clarity, color accuracy and power efficiency in mobile devices, displays and entertainment systems.

The company’s product portfolio has included Iris visual processors for smartphones and other mobile devices, as well as display-processing technologies for televisions, monitors and projectors.