Pixelworks (NASDAQ:PXLW) Shares Cross Above 200-Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW)’s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $6.14 and traded as high as $7.43. Pixelworks shares last traded at $7.29, with a volume of 17,846,308 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pixelworks in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.00.

Pixelworks Stock Up 39.7%

The company has a market capitalization of $44.10 million, a price-to-earnings ratio of -4.47 and a beta of 1.52. The company’s 50 day simple moving average is $6.22 and its two-hundred day simple moving average is $6.14.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million for the quarter. Analysts anticipate that Pixelworks, Inc. will post -1.58 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Haley F. Aman sold 8,157 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total value of $54,978.18. Following the completion of the sale, the chief financial officer owned 94,134 shares of the company’s stock, valued at $634,463.16. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd Debonis sold 7,917 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total value of $53,360.58. Following the transaction, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. 4.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PXLW. Squarepoint Ops LLC raised its holdings in shares of Pixelworks by 49.0% in the second quarter. Squarepoint Ops LLC now owns 18,552 shares of the semiconductor company’s stock worth $116,000 after buying an additional 6,101 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after buying an additional 7,904 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of Pixelworks during the second quarter worth $465,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

About Pixelworks

Pixelworks, Inc. is a semiconductor and software company that develops visual-processing technologies for consumer electronics. Its solutions are designed to improve image quality, color accuracy, contrast, motion performance and power efficiency in devices such as smartphones, tablets, monitors, televisions, projectors and other digital displays. The company’s product portfolio has included dedicated visual-processing chips, mobile display processors and software-based technologies. Pixelworks’ offerings include the Iris family of mobile processors and its TrueCut Motion platform, which is intended to enhance motion presentation and provide a consistent viewing experience across compatible displays and content.