Zacks: Brokerages Expect Pixelworks, Inc. (PXLW) to Announce -$0.02 Earnings Per Share
Equities analysts expect that Pixelworks, Inc. (NASDAQ:PXLW) will announce earnings of ($0.02) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pixelworks’ earnings. The lowest EPS estimate is ($0.02) and the highest is ($0.01). Pixelworks also posted earnings of ($0.02) per share during the same quarter last year. The firm is scheduled to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that Pixelworks will report full-year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.13 to $0.22. For the next fiscal year, analysts forecast that the business will report earnings of $0.10 per share, with EPS estimates ranging from $0.03 to $0.15. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Pixelworks.
Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share.
Separately, Zacks Investment Research cut Pixelworks from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th.
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In other news, Director C Scott Gibson sold 11,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $4.61, for a total transaction of $50,710.00. Following the completion of the transaction, the director now owns 91,709 shares of the company’s stock, valued at $422,778.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in Pixelworks in the second quarter worth approximately $105,000. Bank of New York Mellon Corp boosted its stake in Pixelworks by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock worth $120,000 after buying an additional 855 shares in the last quarter. Stifel Financial Corp boosted its stake in Pixelworks by 31.1% in the second quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after buying an additional 6,213 shares in the last quarter. Rhumbline Advisers purchased a new stake in Pixelworks in the second quarter worth approximately $126,000. Finally, Thompson Davis & CO. Inc. boosted its stake in Pixelworks by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 30,912 shares of the semiconductor company’s stock worth $142,000 after buying an additional 679 shares in the last quarter. 33.66% of the stock is owned by institutional investors and hedge funds.
Shares of Pixelworks (PXLW) opened at 5.23 on Tuesday. The firm has a market capitalization of $176.79 million, a P/E ratio of 50.78 and a beta of 0.72. Pixelworks has a 52 week low of $2.17 and a 52 week high of $6.22. The firm’s 50-day moving average is $4.75 and its 200-day moving average is $4.81.
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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