Pixelworks, Inc. (NASDAQ:PXLW) CFO Steven L. Moore sold 74,999 shares of Pixelworks stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total transaction of $440,994.12. Following the transaction, the chief financial officer now directly owns 496,570 shares in the company, valued at $2,919,831.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pixelworks, Inc. (NASDAQ:PXLW) traded down $0.04 during midday trading on Thursday, reaching $5.97. 337,200 shares of the company’s stock traded hands, compared to its average volume of 380,692. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.20. Pixelworks, Inc. has a fifty-two week low of $2.44 and a fifty-two week high of $6.22. The stock has a market capitalization of $205.85, a price-to-earnings ratio of 33.39, a P/E/G ratio of 3.34 and a beta of 0.61.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The business had revenue of $18.76 million for the quarter, compared to analyst estimates of $18.53 million. During the same period in the previous year, the company earned ($0.02) earnings per share. The business’s revenue for the quarter was up 37.3% on a year-over-year basis. analysts forecast that Pixelworks, Inc. will post 0.09 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PXLW. GSA Capital Partners LLP purchased a new position in Pixelworks in the second quarter worth $105,000. Macquarie Group Ltd. purchased a new position in Pixelworks in the third quarter worth $108,000. Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 855 shares during the last quarter. Stifel Financial Corp grew its holdings 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 purchasing an additional 6,213 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in Pixelworks in the second quarter worth $126,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

PXLW has been the topic of several research reports. Zacks Investment Research raised shares of Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Dougherty & Co lifted their price objective on shares of Pixelworks from $6.50 to $7.50 and gave the company a “buy” rating in a report on Wednesday, November 8th.

About Pixelworks

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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