Pixelworks, Inc. (NASDAQ:PXLW) CEO Sells $30,994.16 in Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 41,884 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $0.74, for a total transaction of $30,994.16. Following the completion of the sale, the chief executive officer now owns 1,699,300 shares of the company’s stock, valued at approximately $1,257,482. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pixelworks Price Performance

Shares of NASDAQ PXLW opened at $0.77 on Friday. The company has a current ratio of 4.02, a quick ratio of 3.57 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $0.74 and a two-hundred day simple moving average of $0.89. Pixelworks, Inc. has a 1-year low of $0.61 and a 1-year high of $3.08. The firm has a market cap of $45.43 million, a price-to-earnings ratio of -1.64 and a beta of 1.61.

Analysts Set New Price Targets

Several research firms have recently issued reports on PXLW. Needham & Company LLC reduced their target price on Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a report on Wednesday, November 13th. StockNews.com downgraded Pixelworks from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Pixelworks in the 3rd quarter valued at about $91,000. Marathon Capital Management purchased a new position in shares of Pixelworks in the second quarter worth about $25,000. Renaissance Technologies LLC raised its position in shares of Pixelworks by 5.9% in the second 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 during the period. Acadian Asset Management LLC lifted its stake in shares of Pixelworks by 78.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,308,930 shares of the semiconductor company’s stock valued at $1,286,000 after buying an additional 574,643 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Pixelworks during the 1st quarter valued at approximately $50,000. Institutional investors own 21.37% 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.