Pixelworks (NASDAQ:PXLW) CFO Haley Aman Sells 8,157 Shares

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley Aman sold 8,157 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $54,978.18. Following the completion of the transaction, the chief financial officer directly owned 94,134 shares in the company, valued at approximately $634,463.16. This trade represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pixelworks Stock Performance

Shares of PXLW stock opened at $6.87 on Friday. The firm has a market cap of $41.56 million, a P/E ratio of -4.21 and a beta of 1.75. The firm’s 50 day moving average price is $6.20 and its 200-day moving average price is $6.06. Pixelworks, Inc. has a one year low of $4.84 and a one year high of $15.42.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) EPS for the quarter. The business had revenue of $0.06 million during the quarter. As a group, research analysts predict that Pixelworks, Inc. will post -1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Pixelworks

A number of institutional investors and hedge funds have recently bought and sold shares of PXLW. Vanguard Group Inc. grew its stake 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 buying an additional 6,796 shares during the last quarter. Bleichroeder LP acquired a new stake in Pixelworks during the 4th quarter worth approximately $1,278,000. Potomac Capital Management Inc. purchased a new stake in shares of Pixelworks during the fourth quarter worth approximately $1,272,000. BlackRock Inc. purchased a new position in Pixelworks during the 2nd quarter worth $465,000. Finally, Geode Capital Management LLC increased its stake in shares of Pixelworks by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 6,172 shares during the period. 21.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

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.