Todd Debonis Sells 7,917 Shares of Pixelworks (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 7,917 shares of Pixelworks stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $6.74, for a total value of $53,360.58. Following the sale, the chief executive officer directly owned 256,392 shares of the company’s stock, valued at approximately $1,728,082.08. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Pixelworks Price Performance

Shares of NASDAQ PXLW opened at $6.84 on Friday. Pixelworks, Inc. has a one year low of $4.84 and a one year high of $15.42. The business’s 50-day moving average price is $6.20 and its two-hundred day moving average price is $6.06. The company has a market capitalization of $41.38 million, a P/E ratio of -4.20 and a beta of 1.75.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.44) earnings per share for the quarter. The firm had revenue of $0.06 million during the quarter. On average, equities analysts anticipate that Pixelworks, Inc. will post -1.39 EPS for the current year.

Hedge Funds Weigh In On Pixelworks

A number of institutional investors have recently modified their holdings of the company. Bleichroeder LP acquired a new stake in shares of Pixelworks in the fourth quarter worth $1,278,000. Potomac Capital Management Inc. bought a new position in Pixelworks in the 4th quarter worth $1,272,000. BlackRock Inc. bought a new position in Pixelworks in the 2nd quarter worth $465,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Pixelworks during the 4th quarter worth $280,000. Finally, F m Investments LLC acquired a new position in Pixelworks during the 4th quarter worth $187,000. Institutional investors own 21.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Pixelworks from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company 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.