Pixelworks (NASDAQ:PXLW) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.17 and traded as high as $7.20. Pixelworks shares last traded at $6.97, with a volume of 90,473 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Pixelworks in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Pixelworks Stock Down 1.4%

The company’s fifty day moving average is $5.84 and its two-hundred day moving average is $6.17. The firm has a market capitalization of $44.33 million, a price-to-earnings ratio of -2.98 and a beta of 1.66.

Insider Activity at Pixelworks

In related news, CFO Haley F. Aman sold 12,371 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total value of $73,978.58. Following the transaction, the chief financial officer directly owned 68,291 shares in the company, valued at $408,380.18. This represents a 15.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd Debonis sold 12,274 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.98, for a total transaction of $73,398.52. Following the completion of the transaction, the chief executive officer owned 214,309 shares in the company, valued at $1,281,567.82. This represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Pixelworks

Several large investors have recently bought and sold shares of PXLW. Bleichroeder LP bought a new stake in Pixelworks in the fourth quarter valued at approximately $1,278,000. Potomac Capital Management Inc. bought a new stake in Pixelworks in the fourth quarter valued at approximately $1,272,000. Nano Cap New Millennium Growth Fund L P bought a new stake in Pixelworks in the fourth quarter valued at approximately $280,000. F m Investments LLC bought a new stake in Pixelworks in the fourth quarter valued at approximately $187,000. Finally, Susquehanna International Group LLP bought a new stake in Pixelworks in the third quarter valued at approximately $155,000. Institutional investors own 21.37% of the company’s stock.

About Pixelworks

Pixelworks, Inc (NASDAQ:PXLW) is a provider of video processing semiconductors and software solutions designed to enhance display performance across a range of consumer and commercial applications. The company’s core offerings include high-performance video processing SoCs, pixel processing silicon, and accompanying firmware that deliver advanced image enhancement, color calibration, and high-dynamic-range (HDR) support. These solutions are tailored to improve picture quality, reduce latency, and optimize power consumption in digital displays.

Pixelworks’ product portfolio addresses diverse end markets such as digital projectors, flat-panel televisions, set-top boxes, mobile devices, automotive infotainment displays, and digital signage.