Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Up 35.9% in January

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 359,198 shares, a growth of 35.9% from the January 15th total of 264,340 shares. Based on an average daily trading volume, of 82,919 shares, the short-interest ratio is presently 4.3 days. Currently, 6.0% of the company’s stock are sold short. Currently, 6.0% of the company’s stock are sold short. Based on an average daily trading volume, of 82,919 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of Pixelworks

Several large investors have recently added to or reduced their stakes in the company. Bleichroeder LP purchased a new position in shares of Pixelworks in the fourth quarter worth about $1,278,000. Potomac Capital Management Inc. acquired a new position in Pixelworks in the 4th quarter worth approximately $1,272,000. Geode Capital Management LLC increased its holdings in Pixelworks by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock worth $374,000 after buying an additional 6,172 shares during the period. Susquehanna International Group LLP purchased a new position in Pixelworks during the 3rd quarter worth approximately $155,000. Finally, Vanguard Group Inc. lifted 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 valued at $3,040,000 after acquiring an additional 6,796 shares during the period. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Pixelworks Stock Performance

Shares of NASDAQ PXLW traded down $0.02 during midday trading on Friday, reaching $5.83. The company had a trading volume of 30,070 shares, compared to its average volume of 62,420. Pixelworks has a 1 year low of $4.67 and a 1 year high of $15.42. The business’s 50-day simple moving average is $6.44 and its 200 day simple moving average is $8.01. The company has a current ratio of 2.59, a quick ratio of 2.27 and a debt-to-equity ratio of 0.50. The stock has a market cap of $36.67 million, a P/E ratio of -1.23 and a beta of 1.63.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Pixelworks in a research report on Thursday, January 22nd. Roth Mkm reduced their price target on Pixelworks from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pixelworks presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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.