Analysts expect Pixelworks, Inc. (NASDAQ:PXLW) to post $16.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pixelworks’ earnings, with estimates ranging from $16.00 million to $16.50 million. Pixelworks reported sales of $15.29 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is scheduled to announce its next earnings report on Wednesday, May 1st.

On average, analysts expect that Pixelworks will report full-year sales of $81.45 million for the current year, with estimates ranging from $78.50 million to $84.40 million. For the next financial year, analysts anticipate that the business will post sales of $88.50 million, with estimates ranging from $82.50 million to $94.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Pixelworks.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Thursday, February 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Pixelworks had a negative net margin of 6.04% and a negative return on equity of 4.24%. The company had revenue of $20.54 million for the quarter, compared to analyst estimates of $20.50 million.

Several research firms have recently issued reports on PXLW. Zacks Investment Research lowered shares of Pixelworks from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. ValuEngine raised shares of Pixelworks from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $6.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Pixelworks by 46.8% during the third quarter. JPMorgan Chase & Co. now owns 247,822 shares of the semiconductor company’s stock valued at $1,118,000 after acquiring an additional 79,028 shares during the last quarter. Vanguard Group Inc. grew its position in Pixelworks by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,326,686 shares of the semiconductor company’s stock worth $5,983,000 after purchasing an additional 32,057 shares in the last quarter. Renaissance Technologies LLC grew its position in Pixelworks by 150.6% in the 3rd 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 in the last quarter. Vanguard Group Inc grew its position in Pixelworks by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 1,326,686 shares of the semiconductor company’s stock worth $5,983,000 after purchasing an additional 32,057 shares in the last quarter. Finally, Barclays PLC grew its position in Pixelworks by 3,428.4% in the 4th quarter. Barclays PLC now owns 135,421 shares of the semiconductor company’s stock worth $393,000 after purchasing an additional 131,583 shares in the last quarter. 36.28% of the stock is currently owned by institutional investors.

NASDAQ PXLW opened at $4.46 on Tuesday. Pixelworks has a 12-month low of $2.60 and a 12-month high of $5.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.89 and a current ratio of 2.06. The company has a market capitalization of $169.26 million, a PE ratio of -63.71 and a beta of 1.83.

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.

Read More: QQQ ETF

Get a free copy of the Zacks research report on Pixelworks (PXLW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pixelworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pixelworks and related companies with MarketBeat.com's FREE daily email newsletter.