Pixelworks (NASDAQ:PXLW) CFO Sells $54,978.18 in Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley Aman sold 8,157 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $54,978.18. Following the completion of the sale, the chief financial officer owned 94,134 shares of the company’s stock, valued at approximately $634,463.16. The trade was a 7.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Pixelworks Stock Down 0.4%

Shares of NASDAQ:PXLW opened at $6.84 on Friday. The firm has a fifty day moving average of $6.20 and a two-hundred day moving average of $6.06. Pixelworks, Inc. has a 12-month low of $4.84 and a 12-month high of $15.42. The firm has a market capitalization of $41.38 million, a P/E ratio of -4.20 and a beta of 1.75.

Pixelworks (NASDAQ:PXLW) last issued its earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) EPS for the quarter. The business had revenue of $0.06 million during the quarter. Equities research analysts expect that Pixelworks, Inc. will post -1.58 earnings per share for the current fiscal year.

Institutional Trading of Pixelworks

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of Pixelworks during the 4th quarter valued at about $73,000. Susquehanna International Group LLP acquired a new stake in Pixelworks in the 3rd quarter worth approximately $155,000. F m Investments LLC acquired a new stake in Pixelworks in the 4th quarter worth approximately $187,000. Emerald Mutual Fund Advisers Trust boosted its position in Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 7,904 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Pixelworks during the fourth quarter worth approximately $280,000. Institutional investors own 21.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.00.

Pixelworks Company Profile

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.