Pixelworks, Inc. (NASDAQ:PXLW) Sees Large Drop in Short Interest

Pixelworks, Inc. (NASDAQ:PXLW) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 98,666 shares, a decrease of 37.2% from the June 15th total of 157,090 shares. Based on an average daily trading volume, of 58,054 shares, the short-interest ratio is currently 1.7 days. Currently, 1.6% of the company’s stock are short sold.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in Pixelworks during the 4th quarter worth $73,000. Magnus Financial Group LLC bought a new position in Pixelworks in the fourth quarter valued at about $80,000. Susquehanna International Group LLP acquired a new stake in shares of Pixelworks during the third quarter valued at about $155,000. F m Investments LLC acquired a new stake in shares of Pixelworks during the fourth quarter valued at about $187,000. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Pixelworks by 26.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 7,904 shares during the last quarter. 21.37% of the stock is currently owned by institutional investors and hedge funds.

Pixelworks Stock Down 0.0%

Shares of NASDAQ:PXLW traded down $0.00 during midday trading on Friday, hitting $5.70. The stock had a trading volume of 11,464 shares, compared to its average volume of 69,602. The company’s 50-day moving average price is $6.34 and its 200-day moving average price is $6.12. The company has a market capitalization of $36.25 million, a P/E ratio of -2.44 and a beta of 1.73. Pixelworks has a fifty-two week low of $4.84 and a fifty-two week high of $15.42.

Wall Street Analyst Weigh In

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

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.