The stock of Pixelworks, Inc. (NASDAQ:PXLW) is a huge mover today! The stock increased 4.30% or $0.12 on October 3, hitting $2.91. About 63,986 shares traded hands. Pixelworks, Inc. (NASDAQ:PXLW) has risen 39.50% since February 29, 2016 and is uptrending. It has outperformed by 27.28% the S&P500.
The move comes after 7 months positive chart setup for the $83.88M company. It was reported on Oct, 4 by Barchart.com. We have $8.47 PT which if reached, will make NASDAQ:PXLW worth $160.21M more.
Analysts await Pixelworks, Inc. (NASDAQ:PXLW) to report earnings on November, 3. They expect $-0.06 earnings per share, down 20.00% or $0.01 from last year’s $-0.05 per share. After $-0.06 actual earnings per share reported by Pixelworks, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Pixelworks, Inc. (NASDAQ:PXLW) Ratings Coverage
Out of 5 analysts covering Pixelworks (NASDAQ:PXLW), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Pixelworks has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Friday, December 4, the company rating was initiated by Craig Hallum. The stock of Pixelworks, Inc. (NASDAQ:PXLW) has “Hold” rating given on Friday, February 5 by Lake Street. The firm earned “Buy” rating on Friday, November 6 by Roth Capital. The stock of Pixelworks, Inc. (NASDAQ:PXLW) earned “Buy” rating by Roth Capital on Saturday, August 29. The company was maintained on Friday, November 6 by TH Capital. Dougherty & Company maintained Pixelworks, Inc. (NASDAQ:PXLW) on Friday, November 6 with “Buy” rating. Zacks upgraded the shares of PXLW in a report on Thursday, August 6 to “Hold” rating.
According to Zacks Investment Research, “Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Broadband content includes video, computer graphics and visual Web information delivered at high speeds via cable and telecommunications lines to the homes and offices. The semiconductors integrate a microprocessor, memory and image processing circuits that function like a computer on a single chip, or system-on-a-chip.”
Insitutional Activity: The institutional sentiment increased to 0.85 in 2016 Q2. Its up 0.24, from 0.61 in 2016Q1. The ratio increased, as 6 funds sold all Pixelworks, Inc. shares owned while 7 reduced positions. 5 funds bought stakes while 6 increased positions. They now own 4.97 million shares or 9.75% more from 4.53 million shares in 2016Q1.
Jacobs Levy Equity Mgmt holds 0.01% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 186,284 shares. Geode Capital Lc reported 128,838 shares or 0% of all its holdings. Vanguard Group holds 923,176 shares or 0% of its portfolio. Susquehanna Interest Gru Llp holds 26,579 shares or 0% of its portfolio. Northern Tru has 0% invested in the company for 40,419 shares. Barclays Public Ltd Company last reported 49 shares in the company. Creative Planning, a Kansas-based fund reported 1,120 shares. Blackrock Institutional Tru Na accumulated 351,358 shares or 0% of the stock. Blackrock Advsrs Lc holds 5,286 shares or 0% of its portfolio. Bancorp Of New York Mellon Corp has 0% invested in the company for 31,046 shares. Thompson Davis & owns 36,610 shares or 0.11% of their US portfolio. Renaissance Ltd Liability Company last reported 0% of its portfolio in the stock. Blackrock Mgmt Limited Co holds 0% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 4,613 shares. Tower Rech Cap Limited Liability Company (Trc) accumulated 0% or 899 shares. Goldman Sachs last reported 12,016 shares in the company.
Insider Transactions: Since May 3, 2016, the stock had 3 buys, and 2 selling transactions for $61,238 net activity. Tupman David J. sold $4,505 worth of stock. MOORE STEVEN L had bought 3,000 shares worth $5,100. 15,000 Pixelworks, Inc. (NASDAQ:PXLW) shares with value of $30,012 were sold by GIBSON C SCOTT. DEBONIS TODD had bought 25,000 shares worth $41,055 on Friday, May 13.
Another recent and important Pixelworks, Inc. (NASDAQ:PXLW) news was published by Quotes.Wsj.com which published an article titled: “Pixelworks Inc. PXLW (US: Nasdaq)” on February 12, 2011.
PXLW Company Profile
Pixelworks, Inc., incorporated on January 16, 1997, designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Firm is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices. The Company’s products enable manufacturers and developers of digital display and projection devices to manufacture screens of all sizes. The Firm provides its clients with software development tools and with software that provides basic functionality for its integrated circuits and enables connectivity of its customers’ products. The Company’s primary target markets include digital projection systems, Ultrabook devices, tablets and smartphones. It has a portfolio of video algorithms and Internet protocol (IP) to address a range of challenges in digital video. The Company’s technologies are implemented across multiple products, in combinations within single products and applied to a range of applications, including smartphones, tablets, Ultrabook devices, televisions, monitors and projectors. The Company’s products include one or more technologies to provide video display processing solutions to its customers.
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