Pixelworks, Inc. (NASDAQ:PXLW) Sees Significant Increase in Short Interest

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 359,198 shares, a growth of 35.9% from the January 15th total of 264,340 shares. Based on an average trading volume of 82,919 shares, the days-to-cover ratio is currently 4.3 days. Currently, 6.0% of the shares of the company are sold short. Currently, 6.0% of the shares of the company are sold short. Based on an average trading volume of 82,919 shares, the days-to-cover ratio is currently 4.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PXLW. Roth Mkm dropped their target price on shares of Pixelworks from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Pixelworks in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Institutional Trading of Pixelworks

Several institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in Pixelworks during the third quarter worth about $155,000. Geode Capital Management LLC boosted its position in shares of Pixelworks by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 6,172 shares in the last quarter. Bleichroeder LP acquired a new stake in Pixelworks during the fourth quarter valued at approximately $1,278,000. Vanguard Group Inc. grew its position in Pixelworks by 2.5% in the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after buying an additional 6,796 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new position in shares of Pixelworks in the fourth quarter valued at $80,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

Pixelworks Stock Performance

PXLW stock traded down $0.19 during trading on Tuesday, reaching $5.64. 14,633 shares of the company’s stock were exchanged, compared to its average volume of 65,837. Pixelworks has a 1-year low of $4.67 and a 1-year high of $15.42. The company’s fifty day moving average price is $6.42 and its 200-day moving average price is $7.95. The company has a quick ratio of 2.27, a current ratio of 2.59 and a debt-to-equity ratio of 0.50. The firm has a market cap of $35.49 million, a PE ratio of -1.20 and a beta of 1.63.

About Pixelworks

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.