Pixelworks (NASDAQ:PXLW) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Pixelworks (NASDAQ:PXLW) from a hold rating to a buy rating in a report published on Tuesday, ValuEngine reports.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Viewray from a c- rating to a d rating in a research note on Friday, May 3rd. Dougherty & Co reiterated a buy rating and issued a $18.50 price target (up from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $6.17.

Shares of Pixelworks stock opened at $3.15 on Tuesday. The stock has a market capitalization of $115.25 million, a price-to-earnings ratio of -45.00 and a beta of 1.93. Pixelworks has a 52 week low of $2.60 and a 52 week high of $5.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.11 and a quick ratio of 1.93. The company has a 50 day moving average of $2.96.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The company had revenue of $16.65 million for the quarter, compared to analyst estimates of $16.25 million. Pixelworks had a negative net margin of 5.20% and a negative return on equity of 9.01%. As a group, sell-side analysts predict that Pixelworks will post -0.25 earnings per share for the current year.

In other Pixelworks news, Director Daniel Heneghan bought 20,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 95,845 shares in the company, valued at approximately $311,496.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Todd Debonis bought 10,000 shares of the stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of $2.97 per share, for a total transaction of $29,700.00. Following the completion of the transaction, the insider now owns 868,139 shares of the company’s stock, valued at approximately $2,578,372.83. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 56,492 shares of company stock worth $183,898. Insiders own 4.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in PXLW. Two Sigma Securities LLC purchased a new position in shares of Pixelworks during the fourth quarter worth approximately $30,000. Virtu Financial LLC purchased a new position in shares of Pixelworks during the first quarter worth approximately $58,000. Cutler Group LP grew its position in shares of Pixelworks by 65.6% during the first quarter. Cutler Group LP now owns 18,953 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 7,510 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Pixelworks by 50.7% during the fourth quarter. Bank of New York Mellon Corp now owns 37,394 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 12,575 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Pixelworks by 41.3% during the fourth quarter. Two Sigma Advisers LP now owns 55,100 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 16,100 shares during the last quarter. Institutional investors and hedge funds own 36.84% of the company’s stock.

Pixelworks Company Profile

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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