Pixelworks (NASDAQ:PXLW) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.18 and traded as high as $6.43. Pixelworks shares last traded at $6.17, with a volume of 69,175 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Pixelworks Price Performance

The business’s 50-day moving average price is $6.22 and its 200 day moving average price is $6.17. The firm has a market capitalization of $36.63 million, a price-to-earnings ratio of -2.46 and a beta of 1.71.

Insider Buying and Selling at Pixelworks

In other Pixelworks news, CFO Haley F. Aman sold 12,371 shares of the business’s stock in a transaction 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 owned 68,291 shares in the company, valued at $408,380.18. The trade was a 15.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Todd Debonis sold 12,274 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Pixelworks by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after purchasing an additional 6,796 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Pixelworks during the 3rd quarter valued at approximately $155,000. Magnus Financial Group LLC purchased a new position in shares of Pixelworks during the 4th quarter valued at approximately $80,000. F m Investments LLC purchased a new position in shares of Pixelworks during the 4th quarter valued at approximately $187,000. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Pixelworks during the fourth quarter worth approximately $280,000. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Pixelworks Company Profile

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.