Renaissance Technologies LLC Has $536,000 Stock Position in Pixelworks, Inc. (NASDAQ:PXLW)

Renaissance Technologies LLC boosted its position in Pixelworks, Inc. (NASDAQ:PXLW) by 44.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 734,348 shares of the semiconductor company’s stock after buying an additional 225,948 shares during the quarter. Renaissance Technologies LLC owned approximately 1.25% of Pixelworks worth $536,000 at the end of the most recent reporting period.

Separately, Raymond James Financial Inc. bought a new stake in Pixelworks during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

Pixelworks Stock Up 1.0 %

NASDAQ PXLW opened at $0.53 on Friday. Pixelworks, Inc. has a twelve month low of $0.48 and a twelve month high of $2.03. The stock has a market cap of $32.61 million, a PE ratio of -1.09 and a beta of 1.74. The firm has a 50-day simple moving average of $0.61 and a 200 day simple moving average of $0.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.02.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Pixelworks had a negative return on equity of 111.21% and a negative net margin of 66.47%. On average, research analysts forecast that Pixelworks, Inc. will post -0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com assumed coverage on Pixelworks in a research report on Thursday, April 17th. They set a “sell” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $1.50 price objective on shares of Pixelworks in a research report on Thursday, February 13th.

Insider Activity

In related news, CFO Haley F. Aman sold 48,854 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $0.85, for a total value of $41,525.90. Following the completion of the transaction, the chief financial officer now owns 352,607 shares of the company’s stock, valued at $299,715.95. This represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.70% of the company’s stock.

About Pixelworks

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.