Stock Mover of the Day: Is Pixelworks, Inc. a Buy? The Stock Rises Again

Stock Mover of the Day: Is Pixelworks, Inc. a Buy? The Stock Rises Again

The stock of Pixelworks, Inc. (NASDAQ:PXLW) is a huge mover today! About 1.00 million shares traded hands or 744.72% up from the average. Pixelworks, Inc. (NASDAQ:PXLW) has risen 37.50% since April 20, 2016 and is uptrending. It has outperformed by 32.94% the S&P500.
The move comes after 9 months positive chart setup for the $98.14 million company. It was reported on Nov, 22 by Barchart.com. We have $3.59 PT which if reached, will make NASDAQ:PXLW worth $5.89 million more.

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. The firm has “Buy” rating by Dougherty & Company given on Friday, November 6. The rating was maintained by Roth Capital with “Buy” on Saturday, August 29. The stock has “Buy” rating given by Roth Capital on Friday, November 6. The company was initiated on Friday, December 4 by Craig Hallum. TH Capital maintained Pixelworks, Inc. (NASDAQ:PXLW) rating on Friday, November 6. TH Capital has “Buy” rating and $6 price target. Lake Street downgraded it to “Hold” rating and $2.50 target price in Friday, February 5 report. The stock has “Hold” rating given by Zacks on Thursday, August 6.

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 1.55 in 2016 Q2. Its up 0.70, from 0.85 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.
Northern Trust Corp accumulated 40,419 shares or 0% of the stock. Moreover, Fuller Thaler Asset Mngmt has 0.02% invested in Pixelworks, Inc. (NASDAQ:PXLW) for 542,880 shares. The New York-based Jpmorgan Chase has invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). Blackrock Fund Advisors last reported 0% of its portfolio in the stock. The Pennsylvania-based Vanguard Grp Inc Inc has invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). Geode Management Limited Co holds 128,838 shares or 0% of its portfolio. Cap Guardian Trust accumulated 107 shares or 0% of the stock. Thompson Davis Inc holds 0.11% or 36,610 shares in its portfolio. The Illinois-based Citadel Advisors Ltd Liability Company has invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). Renaissance Ltd Liability Company has 240,300 shares for 0% of their US portfolio. Art Advsr Ltd Liability, a New York-based fund reported 32,677 shares. Bridgeway Capital Management has invested 0% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW). The Illinois-based North Star Invest Corp has invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). The California-based California Public Employees Retirement Systems has invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). Moreover, Springbok Cap Mngmt Ltd Liability has 0% invested in Pixelworks, Inc. (NASDAQ:PXLW) for 500 shares.

Insider Transactions: Since July 29, 2016, the stock had 2 insider buys, and 0 insider sales for $54,700 net activity. MOORE STEVEN L bought $5,100 worth of stock.

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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