Citadel Advisors LLC Buys 36,882 Shares of Pixelworks, Inc. (PXLW)
Citadel Advisors LLC lifted its stake in Pixelworks, Inc. (NASDAQ:PXLW) by 175.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,898 shares of the semiconductor company’s stock after purchasing an additional 36,882 shares during the period. Citadel Advisors LLC owned about 0.20% of Pixelworks worth $266,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in Pixelworks in the second quarter valued at $105,000. Bank of New York Mellon Corp raised 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 valued at $120,000 after buying an additional 855 shares in the last quarter. Rhumbline Advisers acquired a new stake in Pixelworks in the second quarter valued at $126,000. Thompson Davis & CO. Inc. raised 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 valued at $142,000 after buying an additional 679 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new stake in Pixelworks in the first quarter valued at $189,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.
In other Pixelworks news, Director C Scott Gibson sold 11,000 shares of the company’s 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 completion of the transaction, the director now directly owns 91,709 shares of the company’s stock, valued at approximately $422,778.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.
Shares of Pixelworks, Inc. (NASDAQ PXLW) opened at 5.25 on Friday. The firm has a 50-day moving average price of $4.83 and a 200-day moving average price of $4.82. Pixelworks, Inc. has a 1-year low of $2.17 and a 1-year high of $6.22. The firm has a market capitalization of $177.47 million, a PE ratio of 50.97 and a beta of 0.72.
Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $20.72 million during the quarter, compared to analysts’ expectations of $20.50 million. Pixelworks had a net margin of 4.35% and a return on equity of 20.00%. The firm’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) EPS. On average, analysts forecast that Pixelworks, Inc. will post $0.16 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th.
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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