Equities research analysts at Northland Securities assumed coverage on shares of Pixelworks (NASDAQ:PXLW) in a note issued to investors on Wednesday, The Fly reports. The brokerage set an “outperform” rating on the semiconductor company’s stock.
Several other research firms have also commented on PXLW. Lake Street Capital set a $7.00 price objective on shares of Pixelworks and gave the company a “buy” rating in a research note on Wednesday, May 30th. Zacks Investment Research upgraded shares of Pixelworks from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Thursday, August 9th. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $6.81.
NASDAQ:PXLW opened at $5.59 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 1.89 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $197.89 million, a price-to-earnings ratio of 55.90 and a beta of 1.18. Pixelworks has a 52 week low of $3.15 and a 52 week high of $7.05.
Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.05). The firm had revenue of $19.25 million during the quarter, compared to analysts’ expectations of $18.50 million. Pixelworks had a negative net margin of 15.98% and a negative return on equity of 9.60%. equities analysts forecast that Pixelworks will post -0.04 earnings per share for the current year.
A number of large investors have recently bought and sold shares of PXLW. PenderFund Capital Management Ltd. purchased a new stake in Pixelworks in the 1st quarter valued at about $3,034,000. Millennium Management LLC increased its stake in Pixelworks by 2,631.6% in the 2nd quarter. Millennium Management LLC now owns 308,285 shares of the semiconductor company’s stock valued at $1,113,000 after buying an additional 296,999 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Pixelworks by 55.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 472,690 shares of the semiconductor company’s stock valued at $1,829,000 after buying an additional 168,281 shares during the last quarter. GSA Capital Partners LLP increased its stake in Pixelworks by 502.8% in the 1st quarter. GSA Capital Partners LLP now owns 195,521 shares of the semiconductor company’s stock valued at $757,000 after buying an additional 163,088 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Pixelworks during the 2nd quarter valued at approximately $500,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.
Pixelworks Company Profile
Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.
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