FY2024 EPS Estimates for Pixelworks Raised by Roth Capital

Pixelworks, Inc. (NASDAQ:PXLW) – Equities research analysts at Roth Capital raised their FY2024 earnings per share estimates for shares of Pixelworks in a research note issued to investors on Sunday, January 12th. Roth Capital analyst S. Desilva now expects that the semiconductor company will post earnings per share of ($0.49) for the year, up from their prior estimate of ($0.51). Roth Capital also issued estimates for Pixelworks’ Q4 2024 earnings at ($0.11) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.31) EPS.

Separately, Needham & Company LLC decreased their price target on shares of Pixelworks from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Pixelworks Trading Down 1.0 %

NASDAQ PXLW opened at $0.72 on Wednesday. The company has a market cap of $42.44 million, a P/E ratio of -1.53 and a beta of 1.63. Pixelworks has a 12 month low of $0.61 and a 12 month high of $3.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.02 and a quick ratio of 3.57. The company has a 50-day moving average of $0.75 and a 200-day moving average of $0.79.

Institutional Investors Weigh In On Pixelworks

Large investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in shares of Pixelworks in the 3rd quarter valued at $91,000. Renaissance Technologies LLC increased its holdings in Pixelworks by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock valued at $487,000 after purchasing an additional 27,800 shares in the last quarter. Finally, Marathon Capital Management purchased a new position in Pixelworks in the second quarter valued at about $25,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

Insider Transactions at Pixelworks

In related news, CEO Todd Debonis sold 41,884 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $0.74, for a total value of $30,994.16. Following the transaction, the chief executive officer now owns 1,699,300 shares in the company, valued at approximately $1,257,482. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.70% of the company’s stock.

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.