Pixelworks (NASDAQ:PXLW) CFO Haley Aman Sells 12,371 Shares of Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley Aman sold 12,371 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $5.98, for a total transaction of $73,978.58. Following the completion of the sale, the chief financial officer directly owned 68,291 shares of the company’s stock, valued at approximately $408,380.18. This trade represents a 15.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Pixelworks Price Performance

Pixelworks stock opened at $6.89 on Friday. The stock has a market cap of $43.82 million, a price-to-earnings ratio of -2.94 and a beta of 1.66. Pixelworks, Inc. has a 1 year low of $4.67 and a 1 year high of $15.42. The firm has a 50-day moving average of $5.73 and a two-hundred day moving average of $6.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 company. According to data from MarketBeat.com, Pixelworks has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Investors Weigh In On Pixelworks

Several hedge funds have recently modified their holdings of PXLW. Bleichroeder LP purchased a new stake in shares of Pixelworks in the 4th quarter worth approximately $1,278,000. Potomac Capital Management Inc. bought a new position in shares of Pixelworks during the 4th quarter worth approximately $1,272,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Pixelworks during the 4th quarter worth approximately $280,000. F m Investments LLC bought a new position in shares of Pixelworks during the 4th quarter worth approximately $187,000. Finally, Susquehanna International Group LLP bought a new position in shares of Pixelworks during the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

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.