Haley F. Aman Sells 48,854 Shares of Pixelworks, Inc. (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley F. Aman sold 48,854 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $0.85, for a total value of $41,525.90. Following the completion of the sale, the chief financial officer now directly owns 352,607 shares in the company, valued at approximately $299,715.95. This represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Pixelworks Stock Performance

Shares of Pixelworks stock traded up $0.02 during trading on Wednesday, hitting $0.86. 657,603 shares of the company’s stock traded hands, compared to its average volume of 375,475. 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, Inc. has a 1 year low of $0.61 and a 1 year high of $3.08. The stock has a market capitalization of $50.43 million, a P/E ratio of -1.75 and a beta of 1.65. The business has a 50-day simple moving average of $0.79 and a 200-day simple moving average of $0.76.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported ($0.09) EPS for the quarter, beating 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%. As a group, analysts forecast that Pixelworks, Inc. will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Pixelworks

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Pixelworks in the fourth quarter valued at about $31,000. GSA Capital Partners LLP bought a new position in Pixelworks in the third quarter valued at about $91,000. Renaissance Technologies LLC lifted its holdings in Pixelworks by 44.4% in the fourth quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock valued at $536,000 after acquiring an additional 225,948 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Pixelworks by 29.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company’s stock valued at $3,109,000 after acquiring an additional 965,889 shares during the period. 21.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and issued a $1.50 target price on shares of Pixelworks in a research note on Thursday, February 13th.

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.