Brokerages expect Pixelworks, Inc. (NASDAQ:PXLW) to post $20.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pixelworks’ earnings. Pixelworks posted sales of $18.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The company is scheduled to report its next earnings report on Thursday, February 21st.

On average, analysts expect that Pixelworks will report full-year sales of $76.50 million for the current year. For the next year, analysts expect that the business will report sales of $85.75 million, with estimates ranging from $85.50 million to $86.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pixelworks.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $21.47 million during the quarter, compared to analysts’ expectations of $21.50 million. Pixelworks had a negative return on equity of 6.69% and a negative net margin of 8.77%.

PXLW has been the subject of several recent analyst reports. Zacks Investment Research raised Pixelworks from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Thursday, August 9th. Northland Securities initiated coverage on Pixelworks in a report on Wednesday, September 5th. They issued an “outperform” rating and a $8.50 price target for the company. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Pixelworks presently has an average rating of “Buy” and a consensus price target of $7.06.

Shares of PXLW traded down $0.16 during mid-day trading on Tuesday, hitting $3.69. The company’s stock had a trading volume of 501,121 shares, compared to its average volume of 350,104. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.71. The stock has a market capitalization of $151.20 million, a P/E ratio of 36.90 and a beta of 1.15. Pixelworks has a 1-year low of $3.15 and a 1-year high of $7.05.

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in Pixelworks by 150.6% during the third quarter. Renaissance Technologies LLC now owns 215,600 shares of the semiconductor company’s stock worth $972,000 after purchasing an additional 129,554 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Pixelworks by 46.8% during the third quarter. JPMorgan Chase & Co. now owns 247,822 shares of the semiconductor company’s stock worth $1,118,000 after purchasing an additional 79,028 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Pixelworks by 33.3% during the third quarter. Dimensional Fund Advisors LP now owns 634,081 shares of the semiconductor company’s stock worth $2,860,000 after purchasing an additional 158,491 shares during the last quarter. PEAK6 Investments LLC acquired a new position in Pixelworks during the third quarter worth $1,064,000. Finally, BlackRock Inc. raised its holdings in Pixelworks by 77.3% during the third quarter. BlackRock Inc. now owns 733,262 shares of the semiconductor company’s stock worth $3,307,000 after purchasing an additional 319,778 shares during the last quarter. 34.40% of the stock is owned by hedge funds and other institutional investors.

About Pixelworks

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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