Heartland Advisors Inc. cut its position in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 27.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,450,000 shares of the semiconductor company’s stock after selling 550,000 shares during the period. Heartland Advisors Inc. owned about 4.91% of Pixelworks worth $6,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC raised its position in Pixelworks by 96.4% in the first quarter. Renaissance Technologies LLC now owns 668,400 shares of the semiconductor company’s stock worth $3,115,000 after buying an additional 328,100 shares in the last quarter. Spark Investment Management LLC raised its position in Pixelworks by 188.6% in the second quarter. Spark Investment Management LLC now owns 363,600 shares of the semiconductor company’s stock worth $1,668,000 after buying an additional 237,600 shares in the last quarter. Worth Venture Partners LLC acquired a new position in Pixelworks during the first quarter worth approximately $836,000. Algert Global LLC raised its position in Pixelworks by 161.3% in the second quarter. Algert Global LLC now owns 288,441 shares of the semiconductor company’s stock worth $1,324,000 after buying an additional 178,063 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in Pixelworks during the first quarter worth approximately $652,000. Institutional investors own 33.66% of the company’s stock.

Pixelworks, Inc. (PXLW) opened at 4.61 on Friday. Pixelworks, Inc. has a 1-year low of $2.17 and a 1-year high of $6.22. The firm has a 50-day moving average of $4.64 and a 200-day moving average of $4.69. The firm has a market capitalization of $155.83 million, a price-to-earnings ratio of 44.76 and a beta of 0.68.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $20.72 million for the quarter, compared to the consensus estimate of $20.50 million. Pixelworks had a net margin of 4.35% and a return on equity of 20.00%. Pixelworks’s quarterly revenue was up 64.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. On average, analysts expect that Pixelworks, Inc. will post $0.16 earnings per share for the current year.

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Separately, Zacks Investment Research lowered shares of Pixelworks from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th.

In related news, Director C Scott Gibson sold 11,000 shares of Pixelworks stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $4.61, for a total value of $50,710.00. Following the sale, the director now directly owns 91,709 shares in the company, valued at approximately $422,778.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

Pixelworks Company Profile

Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.

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Institutional Ownership by Quarter for Pixelworks (NASDAQ:PXLW)

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