Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 79,774 shares, a decline of 32.6% from the August 15th total of 118,304 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 36,979 shares, the short-interest ratio is presently 2.2 days.

Insider Activity at Pixelworks

In other news, CEO Todd Debonis sold 7,917 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $53,360.58. Following the transaction, the chief executive officer directly owned 256,392 shares in the company, valued at approximately $1,728,082.08. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Haley F. Aman sold 8,157 shares of Pixelworks stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total transaction of $54,978.18. Following the completion of the transaction, the chief financial officer directly owned 94,134 shares in the company, valued at $634,463.16. The trade was a 7.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PXLW. Potomac Capital Management Inc. purchased a new position in Pixelworks during the fourth quarter worth about $1,272,000. BlackRock Inc. purchased a new stake in Pixelworks in the 2nd quarter valued at approximately $465,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Pixelworks in the 4th quarter valued at approximately $280,000. Emerald Mutual Fund Advisers Trust increased its position in Pixelworks by 26.9% during the 1st 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, Squarepoint Ops LLC increased its position in Pixelworks by 49.0% during the 2nd quarter. Squarepoint Ops LLC now owns 18,552 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 6,101 shares during the period. 21.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Pixelworks in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Pixelworks Trading Down 3.0%

NASDAQ:PXLW opened at $6.74 on Friday. Pixelworks has a 12-month low of $4.84 and a 12-month high of $15.42. The stock’s 50 day simple moving average is $6.51 and its 200-day simple moving average is $6.19. The firm has a market cap of $40.78 million, a P/E ratio of -4.13 and a beta of 1.52.

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

Pixelworks Company Profile

Pixelworks, Inc (NASDAQ: PXLW) is a semiconductor and software company that develops visual processing technologies for consumer electronics. Its solutions are designed to improve image quality, motion clarity, color accuracy and power efficiency in mobile devices, displays and entertainment systems.

The company’s product portfolio has included Iris visual processors for smartphones and other mobile devices, as well as display-processing technologies for televisions, monitors and projectors.