Pixelworks (NASDAQ:PXLW) Stock Rating Lowered by Wall Street Zen

Pixelworks (NASDAQ:PXLW) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also issued reports on the stock. Needham & Company LLC cut their price target on shares of Pixelworks from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Roth Mkm cut their price target on shares of Pixelworks from $24.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Finally, Roth Capital set a $10.00 price target on shares of Pixelworks and gave the company a “buy” rating in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $11.67.

Pixelworks Stock Up 6.4%

PXLW stock opened at $8.66 on Friday. Pixelworks has a 52-week low of $4.67 and a 52-week high of $15.03. The company’s 50 day simple moving average is $9.04 and its 200-day simple moving average is $7.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 2.35. The firm has a market capitalization of $46.24 million, a P/E ratio of -1.55 and a beta of 1.68.

Institutional Trading of Pixelworks

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Pixelworks in the fourth quarter worth approximately $31,000. Parallel Advisors LLC acquired a new stake in shares of Pixelworks in the first quarter worth $28,000. Finally, Baird Financial Group Inc. lifted its stake in shares of 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 buying an additional 309,594 shares during the last quarter. 21.37% of the stock is owned by institutional investors.

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.