Today’s Stock On Watch: What’s Ahead for Pixelworks, Inc. After Today’s Significant Decline?

Today's Stock On Watch: What's Ahead for Pixelworks, Inc. After Today's Significant Decline?

The stock of Pixelworks, Inc. (NASDAQ:PXLW) is a huge mover today! About 233,259 shares traded hands or 118.27% up from the average. Pixelworks, Inc. (NASDAQ:PXLW) has risen 34.06% since April 14, 2016 and is uptrending. It has outperformed by 29.37% the S&P500.
The move comes after 5 months negative chart setup for the $85.52 million company. It was reported on Nov, 16 by Barchart.com. We have $2.46 PT which if reached, will make NASDAQ:PXLW worth $10.26M less.

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. Roth Capital maintained Pixelworks, Inc. (NASDAQ:PXLW) on Friday, November 6 with “Buy” rating. The firm earned “Buy” rating on Saturday, August 29 by Roth Capital. The rating was initiated by Craig Hallum on Friday, December 4 with “Buy”. The rating was upgraded by Zacks to “Hold” on Thursday, August 6. The stock of Pixelworks, Inc. (NASDAQ:PXLW) earned “Hold” rating by Lake Street on Friday, February 5. The firm earned “Buy” rating on Friday, November 6 by TH Capital. On Friday, November 6 the stock rating was maintained by Dougherty & Company with “Buy”.

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 improved, 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.
North Star Inv Management Corporation last reported 50 shares in the company. Blackrock Advsrs Limited Liability Corporation reported 5,286 shares or 0% of all its holdings. Geode Mngmt Limited Liability Corporation last reported 128,838 shares in the company. Deutsche Fincl Bank Ag last reported 105,608 shares in the company. Moreover, Coldstream Capital has 0% invested in Pixelworks, Inc. (NASDAQ:PXLW) for 10,000 shares. Fuller & Thaler Asset has 542,880 shares for 0.02% of their US portfolio. Barclays Public Limited Company owns 49 shares or 0% of their US portfolio. Thompson Davis & holds 0.11% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 36,610 shares. Citadel Advisors Ltd Limited Liability Company has 17,563 shares for 0% of their US portfolio. Renaissance Technologies Limited Com holds 0% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 240,300 shares. Heartland Advsrs last reported 1.78 million shares in the company. Springbok Management Ltd last reported 500 shares in the company. One Trading Lp holds 71,064 shares or 0% of its portfolio. Northern Trust Corporation last reported 40,419 shares in the company. Wells Fargo Company Mn owns 851 shares or 0% of their US portfolio.

Insider Transactions: Since May 17, 2016, the stock had 2 buys, and 0 selling transactions for $54,700 net activity. MOORE STEVEN L also bought $49,600 worth of Pixelworks, Inc. (NASDAQ:PXLW) on Friday, August 5. Tupman David J. sold $4,505 worth of stock.

Another recent and important Pixelworks, Inc. (NASDAQ:PXLW) news was published by Businesswire.com which published an article titled: “Pixelworks to Demonstrate Industry Leading Video Processing Technology at CES 2016” on December 22, 2015.

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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