Pixelworks (NASDAQ:PXLW) Stock Crosses Above 200-Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemPixelworks, Inc. (NASDAQ:PXLW – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $6.28 and traded as high as $6.44. Pixelworks shares last traded at $6.04, with a volume of 38,025 shares traded.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Pixelworks in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.00.
Check Out Our Latest Stock Report on Pixelworks
Pixelworks Price Performance
The business’s 50 day simple moving average is $6.79 and its 200 day simple moving average is $6.28. The company has a market capitalization of $35.93 million, a PE ratio of -3.64 and a beta of 1.38.
Pixelworks (NASDAQ:PXLW – Get Free Report) last posted its 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, analysts anticipate that Pixelworks, Inc. will post -1.58 EPS for the current year.
Insider Transactions at Pixelworks
In other Pixelworks news, CEO Todd Debonis sold 7,917 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total value of $53,360.58. Following the sale, the chief executive officer owned 256,392 shares of the company’s stock, valued at $1,728,082.08. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Haley F. Aman sold 8,157 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $6.74, for a total transaction of $54,978.18. Following the transaction, the chief financial officer owned 94,134 shares of the company’s stock, valued at $634,463.16. This trade represents a 7.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC lifted its stake in Pixelworks by 49.0% in the second quarter. Squarepoint Ops LLC now owns 18,552 shares of the semiconductor company’s stock valued at $116,000 after buying an additional 6,101 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Pixelworks during the second quarter worth approximately $465,000. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in shares of Pixelworks by 26.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 7,904 shares during the period. Hedge funds and other institutional investors own 21.37% of the company’s stock.
About Pixelworks
Pixelworks, Inc (NASDAQ: PXLW) is a fabless semiconductor and software company that develops visual processing technologies for mobile devices, consumer electronics and entertainment applications. Its solutions are designed to improve image quality, color accuracy, video playback, display performance and motion quality.
The company’s product portfolio has included Iris visual processors for smartphones and other mobile devices, as well as display and video processing technologies for home entertainment products.
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