Baird Financial Group Inc. Boosts Stake in Pixelworks, Inc. (NASDAQ:PXLW)

Baird Financial Group Inc. boosted its holdings in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,262,075 shares of the semiconductor company’s stock after acquiring an additional 965,889 shares during the period. Baird Financial Group Inc. owned 0.07% of Pixelworks worth $3,109,000 at the end of the most recent reporting period.

Separately, Raymond James Financial Inc. acquired a new position in shares of Pixelworks during the 4th quarter worth approximately $31,000. 21.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PXLW has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $1.50 price target on shares of Pixelworks in a report on Thursday, February 13th. StockNews.com initiated coverage on Pixelworks in a report on Thursday, April 17th. They set a “sell” rating on the stock.

Pixelworks Stock Up 0.6 %

PXLW stock opened at $0.55 on Friday. Pixelworks, Inc. has a one year low of $0.48 and a one year high of $1.89. The firm has a market cap of $33.73 million, a PE ratio of -1.13 and a beta of 1.39. The firm’s 50 day moving average price is $0.60 and its 200-day moving average price is $0.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.02.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Pixelworks had a negative return on equity of 111.21% and a negative net margin of 66.47%. On average, equities research analysts anticipate that Pixelworks, Inc. will post -0.27 EPS for the current year.

Insider Buying and Selling at Pixelworks

In other news, CFO Haley F. Aman sold 48,854 shares of Pixelworks stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $0.85, for a total value of $41,525.90. Following the completion of the sale, the chief financial officer now directly owns 352,607 shares of the company’s stock, valued at approximately $299,715.95. The trade was a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.70% of the company’s stock.

About Pixelworks

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.