Roth Mkm Cuts Pixelworks (NASDAQ:PXLW) Price Target to $1.00

Pixelworks (NASDAQ:PXLW) had its price target trimmed by Roth Mkm from $2.00 to $1.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC restated a “buy” rating and set a $1.50 price target on shares of Pixelworks in a research note on Wednesday. StockNews.com began coverage on shares of Pixelworks in a research note on Thursday, April 17th. They set a “sell” rating for the company.

Pixelworks Trading Down 7.8%

PXLW opened at $0.54 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.02 and a quick ratio of 3.57. Pixelworks has a fifty-two week low of $0.48 and a fifty-two week high of $1.22. The firm has a market capitalization of $33.02 million, a PE ratio of -1.10 and a beta of 1.39. The company’s 50-day moving average is $0.59 and its 200 day moving average is $0.71.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Pixelworks had a negative net margin of 66.47% and a negative return on equity of 111.21%. As a group, research analysts predict that Pixelworks will post -0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Pixelworks

In other news, CFO Haley F. Aman sold 48,854 shares of Pixelworks stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $0.85, for a total transaction of $41,525.90. Following the completion of the sale, the chief financial officer now directly owns 352,607 shares of the company’s stock, valued at approximately $299,715.95. The trade was a 12.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new stake in shares of Pixelworks during the 1st quarter worth $28,000. Raymond James Financial Inc. bought a new stake in shares of Pixelworks during the 4th quarter worth $31,000. Renaissance Technologies LLC lifted its stake in Pixelworks by 44.4% in the fourth quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 225,948 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Pixelworks by 7.3% in the first quarter. Baird Financial Group Inc. now owns 4,571,669 shares of the semiconductor company’s stock worth $2,866,000 after purchasing an additional 309,594 shares during the last quarter. 21.37% of the stock is owned by institutional investors.

Pixelworks Company Profile

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.