Price Action To Observe: How Analysts Feel About Pixelworks, Inc. After Today’s Significant Decline?

Price Action To Observe: How Analysts Feel About Pixelworks, Inc. After Today's Significant Decline?

The stock of Pixelworks, Inc. (NASDAQ:PXLW) is a huge mover today! The stock decreased 5.69% or $0.19 on November 23, hitting $3.15. About 532,772 shares traded hands or 211.31% up from the average. Pixelworks, Inc. (NASDAQ:PXLW) has risen 47.20% since April 22, 2016 and is uptrending. It has outperformed by 41.79% the S&P500.
The move comes after 5 months negative chart setup for the $101.51 million company. It was reported on Nov, 24 by Barchart.com. We have $2.96 PT which if reached, will make NASDAQ:PXLW worth $6.09M less.

Analysts await Pixelworks, Inc. (NASDAQ:PXLW) to report earnings on February, 2. They expect $-0.03 earnings per share, up 72.73% or $0.08 from last year’s $-0.11 per share. After $-0.04 actual earnings per share reported by Pixelworks, Inc. for the previous quarter, Wall Street now forecasts -25.00% 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. The firm has “Buy” rating given on Friday, November 6 by TH Capital. As per Friday, November 6, the company rating was maintained by Dougherty & Company. The firm has “Buy” rating by Roth Capital given on Saturday, August 29. As per Friday, February 5, the company rating was downgraded by Lake Street. Roth Capital maintained the stock with “Buy” rating in Friday, November 6 report. The firm earned “Buy” rating on Friday, December 4 by Craig Hallum. 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 1.55 in 2016 Q2. Its up 0.70, from 0.85 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 Invest Ltd Liability, a New Jersey-based fund reported 4,613 shares. Jacobs Levy Equity Mngmt has 186,284 shares for 0.01% of their US portfolio. Goldman Sachs Grp Incorporated owns 12,016 shares or 0% of their US portfolio. Herald Management Ltd has invested 0.15% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW). Geode Capital Mngmt Ltd Liability Company holds 0% or 128,838 shares in its portfolio. Fuller & Thaler Asset holds 0.02% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 542,880 shares. Coldstream Mgmt Incorporated owns 10,000 shares or 0% of their US portfolio. Wells Fargo Mn accumulated 851 shares or 0% of the stock. Deutsche Comml Bank Ag last reported 0% of its portfolio in the stock. Kbc Gru Nv accumulated 7,519 shares or 0% of the stock. Tower Research Capital Limited Liability (Trc) last reported 0% of its portfolio in the stock. Moreover, Blackrock Ltd Liability has 0% invested in Pixelworks, Inc. (NASDAQ:PXLW) for 5,286 shares. Thompson Davis And Inc accumulated 36,610 shares or 0.11% of the stock. Renaissance Tech Llc accumulated 240,300 shares or 0% of the stock. Blackrock Institutional Tru Na holds 0% of its portfolio in Pixelworks, Inc. (NASDAQ:PXLW) for 351,358 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 also bought $5,100 worth of Pixelworks, Inc. (NASDAQ:PXLW) shares.

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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