Pixelworks (NASDAQ:PXLW) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemPixelworks, Inc. (NASDAQ:PXLW – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.13 and traded as high as $7.15. Pixelworks shares last traded at $6.98, with a volume of 314,288 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Pixelworks in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.
View Our Latest Stock Report on Pixelworks
Pixelworks Price Performance
The business has a 50-day moving average of $5.71 and a two-hundred day moving average of $6.13. The company has a market cap of $44.39 million, a P/E ratio of -1.57 and a beta of 1.66.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Bleichroeder LP acquired a new stake in Pixelworks during the fourth quarter worth about $1,278,000. Geode Capital Management LLC grew its holdings in Pixelworks by 11.7% in the fourth quarter. Geode Capital Management LLC now owns 58,775 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 6,172 shares during the period. Susquehanna International Group LLP acquired a new stake in Pixelworks in the third quarter valued at approximately $155,000. Vanguard Group Inc. boosted its stake in shares of Pixelworks by 2.5% in the third quarter. Vanguard Group Inc. now owns 277,394 shares of the semiconductor company’s stock worth $3,040,000 after acquiring an additional 6,796 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of Pixelworks by 26.9% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 37,237 shares of the semiconductor company’s stock worth $201,000 after acquiring an additional 7,904 shares during the last quarter. 21.37% of the stock is currently owned by hedge funds and other institutional investors.
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.