Strs Ohio Purchases New Stake in Pixelworks, Inc. (PXLW)
Strs Ohio acquired a new stake in Pixelworks, Inc. (NASDAQ:PXLW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,700 shares of the semiconductor company’s stock, valued at approximately $105,000.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Pixelworks by 16.1% in the second quarter. Vanguard Group Inc. now owns 1,183,883 shares of the semiconductor company’s stock valued at $5,435,000 after purchasing an additional 163,923 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Pixelworks by 74.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 87,000 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 37,100 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Pixelworks in the third quarter valued at $305,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Pixelworks in the second quarter valued at $345,000. Finally, Northern Trust Corp grew its position in shares of Pixelworks by 563.2% in the second quarter. Northern Trust Corp now owns 314,617 shares of the semiconductor company’s stock valued at $1,444,000 after purchasing an additional 267,181 shares during the period. 37.69% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Steven L. Moore sold 74,999 shares of Pixelworks stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $5.88, for a total value of $440,994.12. Following the transaction, the chief financial officer now owns 496,570 shares in the company, valued at $2,919,831.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Pixelworks, Inc. (NASDAQ:PXLW) opened at $5.32 on Thursday. Pixelworks, Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $7.05. The firm has a market capitalization of $171.60, a price-to-earnings ratio of 27.83 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.98 and a quick ratio of 1.72.
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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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