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 dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pixelworks Stock Performance

Shares of NASDAQ PXLW traded up $0.02 during trading on Wednesday, hitting $0.86. The company had a trading volume of 657,603 shares, compared to its average volume of 375,475. The stock has a 50 day simple moving average of $0.79 and a 200 day simple moving average of $0.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.02. Pixelworks, Inc. has a 12 month low of $0.61 and a 12 month high of $3.08. The firm has a market capitalization of $50.43 million, a P/E ratio of -1.75 and a beta of 1.65.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported ($0.09) EPS for the quarter, topping 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 anticipate that Pixelworks, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Pixelworks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its stake in Pixelworks by 29.3% during the 4th 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 during the period. Raymond James Financial Inc. bought a new stake in Pixelworks during the 4th quarter valued at approximately $31,000. Renaissance Technologies LLC raised its stake in Pixelworks by 44.4% during the 4th quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 225,948 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Pixelworks during the 3rd quarter valued at approximately $91,000. 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.