Pixelworks, Inc. (NASDAQ:PXLW) CFO Sells $41,525.90 in Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley F. Aman sold 48,854 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Pixelworks Price Performance

PXLW stock opened at $0.81 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 company has a 50 day simple moving average of $0.79 and a 200 day simple moving average of $0.76. Pixelworks, Inc. has a 1 year low of $0.61 and a 1 year high of $3.08.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Pixelworks had a negative net margin of 66.47% and a negative return on equity of 111.21%. On average, analysts anticipate that Pixelworks, Inc. will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Pixelworks

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. boosted its stake in shares of Pixelworks by 29.3% during 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 purchasing an additional 965,889 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Pixelworks by 44.4% in the 4th quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock valued at $536,000 after buying an additional 225,948 shares during the last quarter. GSA Capital Partners LLP bought a new position in Pixelworks in the 3rd quarter valued at approximately $91,000. Finally, Raymond James Financial Inc. acquired a new stake in Pixelworks during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 21.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and set a $1.50 price objective on shares of Pixelworks in a research report on Thursday, February 13th.

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.