Pixelworks, Inc. (NASDAQ:PXLW) - Analysts at Dougherty & Co reduced their Q3 2017 earnings per share estimates for shares of Pixelworks in a research report issued to clients and investors on Thursday. Dougherty & Co analyst C. Anderson now expects that the semiconductor company will earn ($0.05) per share for the quarter, down from their prior estimate of ($0.02).
Other research analysts also recently issued reports about the company. Lake Street Capital boosted their target price on Pixelworks from $4.00 to $5.50 and gave the stock a “buy” rating in a research note on Friday, April 28th. TheStreet upgraded Pixelworks from a “d” rating to a “c” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research upgraded Pixelworks from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th.
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Pixelworks (NASDAQ PXLW) opened at 4.31 on Monday. The company has a market cap of $145.69 million, a PE ratio of 41.84 and a beta of 0.72. Pixelworks has a 12-month low of $2.17 and a 12-month high of $6.22. The stock has a 50 day moving average of $4.71 and a 200-day moving average of $4.66.
Pixelworks (NASDAQ:PXLW) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $20.72 million during the quarter, compared to analysts’ expectations of $20.50 million. Pixelworks had a net margin of 4.35% and a return on equity of 20.00%. Pixelworks’s quarterly revenue was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) earnings per share.
Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Pixelworks by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 340,300 shares of the semiconductor company’s stock valued at $953,000 after buying an additional 20,900 shares in the last quarter. CAPROCK Group Inc. acquired a new position in shares of Pixelworks during the first quarter valued at $107,000. Acadian Asset Management LLC acquired a new position in shares of Pixelworks during the first quarter valued at $577,000. Algert Global LLC raised its position in shares of Pixelworks by 454.5% in the first quarter. Algert Global LLC now owns 110,378 shares of the semiconductor company’s stock valued at $514,000 after buying an additional 90,472 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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 valued at $120,000 after buying an additional 855 shares in the last quarter. 24.58% of the stock is owned by institutional investors and hedge funds.
About Pixelworks
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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