The stock of Pixelworks, Inc. (NASDAQ:PXLW) is a huge mover today! About 100,868 shares traded hands. Pixelworks, Inc. (NASDAQ:PXLW) has risen 28.51% since March 2, 2016 and is uptrending. It has outperformed by 20.25% the S&P500.
The move comes after 6 months negative chart setup for the $83.43M company. It was reported on Oct, 5 by Barchart.com. We have $2.44 PT which if reached, will make NASDAQ:PXLW worth $11.68 million less.
Analysts await Pixelworks, Inc. (NASDAQ:PXLW) to report earnings on November, 3. They expect $-0.06 EPS, down 20.00% or $0.01 from last year’s $-0.05 per share. After $-0.06 actual EPS 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 firm earned “Buy” rating on Friday, November 6 by Dougherty & Company. As per Friday, February 5, the company rating was downgraded by Lake Street. The rating was maintained by Roth Capital with “Buy” on Saturday, August 29. The firm has “Buy” rating given on Friday, November 6 by TH Capital. Roth Capital maintained the stock with “Buy” rating in Friday, November 6 report. Zacks upgraded it to “Hold” rating and $6.25 target price in Thursday, August 6 report.
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 Q2 2016. Its up 0.24, from 0.61 in 2016Q1. The ratio is positive, 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.
Blackrock Institutional Tru Communications Na holds 0% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 351,358 shares. Blackrock Fund Advisors holds 72,101 shares or 0% of its portfolio. Art Advisors Lc, a New York-based fund reported 32,677 shares. Susquehanna Limited Liability Partnership has 0% invested in the company for 26,579 shares. Jpmorgan Chase has 0% invested in the company for 300 shares. Deutsche Bank Ag last reported 105,608 shares in the company. Blackrock Invest Limited reported 4,613 shares or 0% of all its holdings. Bridgeway Capital last reported 86,300 shares in the company. Wells Fargo & Mn, a California-based fund reported 851 shares. Moreover, Heartland Advsr has 0.18% invested in Pixelworks, Inc. (NASDAQ:PXLW) for 1.78M shares. Northern Trust holds 0% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 40,419 shares. Citadel Advisors Ltd Liability Com has 17,563 shares for 0% of their US portfolio. California Public Employees Retirement Systems accumulated 48,566 shares or 0% of the stock. Barclays Public Ltd accumulated 49 shares or 0% of the stock. Creative Planning last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 3, 2016, the stock had 3 insider buys, and 2 selling transactions for $61,238 net activity. Shares for $49,600 were bought by MOORE STEVEN L. On Friday, May 13 DEBONIS TODD bought $41,055 worth of the stock or 25,000 shares. Tupman David J. sold $4,505 worth of stock. 15,000 shares were sold by GIBSON C SCOTT, worth $30,012.
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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