Pixelworks (NASDAQ:PXLW) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Pixelworks, Inc. (NASDAQ:PXLW) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.07 and traded as high as $6.29. Pixelworks shares last traded at $6.17, with a volume of 16,300 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Pixelworks Stock Performance

The stock has a market cap of $40.58 million, a P/E ratio of -2.73 and a beta of 1.75. The stock’s fifty day simple moving average is $6.23 and its 200-day simple moving average is $6.06.

Insider Buying and Selling

In related news, CFO Haley F. Aman sold 12,371 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $5.98, for a total value of $73,978.58. Following the completion of the sale, the chief financial officer directly owned 68,291 shares in the company, valued at approximately $408,380.18. The trade was a 15.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Todd Debonis sold 12,274 shares of the stock in a transaction that occurred 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 SEC filing for this sale provides additional information. 4.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pixelworks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PXLW. Geode Capital Management LLC lifted 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 acquiring an additional 6,172 shares during the period. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 6,796 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in Pixelworks by 26.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 7,904 shares in the last quarter. XTX Topco Ltd acquired a new position in Pixelworks in the fourth quarter valued at about $73,000. Finally, Susquehanna International Group LLP bought a new stake in Pixelworks during the third quarter worth about $155,000. 21.37% of the stock is owned by institutional investors and hedge funds.

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.