Pixelworks (NASDAQ:PXLW) Announces Earnings Results

by · The Cerbat Gem

Pixelworks (NASDAQ:PXLW – Get Free Report) released its quarterly earnings results on Thursday. The semiconductor company reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.15, FiscalAI reports. Pixelworks had a negative return on equity of 490.11% and a negative net margin of 73.07%.The company had revenue of ($23.42) million during the quarter, compared to the consensus estimate of $9.80 million.

Pixelworks Stock Down 2.6%

NASDAQ:PXLW traded down $0.16 during trading hours on Thursday, hitting $5.93. The stock had a trading volume of 48,151 shares, compared to its average volume of 52,373. The company has a market cap of $37.30 million, a PE ratio of -1.26 and a beta of 1.60. The business has a 50 day simple moving average of $6.31 and a two-hundred day simple moving average of $7.58. Pixelworks has a 1-year low of $4.67 and a 1-year high of $15.42. The company has a current ratio of 2.59, a quick ratio of 2.27 and a debt-to-equity ratio of 0.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 6,796 shares in the last quarter. Bleichroeder LP acquired a new position in Pixelworks in the 4th quarter worth $1,278,000. Geode Capital Management LLC boosted its position in Pixelworks by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after buying an additional 6,172 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Pixelworks during the third quarter valued at about $155,000. Finally, XTX Topco Ltd acquired a new stake in shares of Pixelworks during the fourth quarter valued at about $73,000. 21.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on PXLW. Weiss Ratings restated a “sell (d-)” rating on shares of Pixelworks in a report on Thursday, January 22nd. Roth Mkm reduced their target price on Pixelworks from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Check Out Our Latest Report on Pixelworks

About Pixelworks

(Get Free Report)

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.

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