Pixelworks (NASDAQ:PXLW) CEO Todd Debonis Sells 12,274 Shares

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 12,274 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,398.52. Following the sale, the chief executive officer directly owned 214,309 shares in the company, valued at $1,281,567.82. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Pixelworks Trading Down 1.3%

NASDAQ:PXLW traded down $0.09 during midday trading on Friday, reaching $6.89. The company had a trading volume of 172,695 shares, compared to its average volume of 69,319. Pixelworks, Inc. has a 12-month low of $4.67 and a 12-month high of $15.42. The firm has a market capitalization of $43.84 million, a price-to-earnings ratio of -2.94 and a beta of 1.66. The stock’s fifty day simple moving average is $5.73 and its 200-day simple moving average is $6.14.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Pixelworks by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after purchasing an additional 6,796 shares during the last quarter. Bleichroeder LP acquired a new position in shares of Pixelworks in the 4th quarter valued at $1,278,000. Geode Capital Management LLC grew its position in Pixelworks by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after acquiring an additional 6,172 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Pixelworks in the 3rd quarter valued at $155,000. Finally, XTX Topco Ltd acquired a new stake in Pixelworks in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Pixelworks in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.