Pixelworks, Inc. (NASDAQ:PXLW) released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03, Briefing.com reports. Pixelworks had a return on equity of 20.00% and a net margin of 4.35%. The firm had revenue of $20.72 million for the quarter, compared to the consensus estimate of $20.50 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was up 64.7% on a year-over-year basis.
Shares of Pixelworks (PXLW) traded up 5.81% during trading on Friday, reaching $4.37. The company’s stock had a trading volume of 424,789 shares. The stock’s 50 day moving average price is $4.72 and its 200 day moving average price is $4.63. The company has a market cap of $147.72 million, a PE ratio of 42.43 and a beta of 0.72. Pixelworks has a 52 week low of $2.17 and a 52 week high of $6.22.
A number of research firms recently commented on PXLW. Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. TheStreet upgraded Pixelworks from a “d” rating to a “c” rating in a report on Friday, April 28th. Finally, Lake Street Capital increased their price target on Pixelworks from $4.00 to $5.50 and gave the company a “buy” rating in a report on Friday, April 28th.
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Several hedge funds and other institutional investors have recently bought and sold shares of PXLW. GSA Capital Partners LLP acquired a new position in Pixelworks during the second quarter worth $105,000. CAPROCK Group Inc. acquired a new position in Pixelworks during the first quarter worth $107,000. Bank of New York Mellon Corp raised its position in Pixelworks by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 25,674 shares of the semiconductor company’s stock worth $120,000 after buying an additional 855 shares during the last quarter. Stifel Financial Corp raised its position in Pixelworks by 31.1% in the second quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock worth $120,000 after buying an additional 6,213 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in Pixelworks during the second quarter worth $126,000. 24.58% of the stock is currently owned by institutional investors and hedge funds.
Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.
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