Pixelworks (PXLW) to Release Earnings on Tuesday

Pixelworks (NASDAQ:PXLW) is scheduled to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Pixelworks (NASDAQ:PXLW) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. Pixelworks had a negative return on equity of 72.81% and a negative net margin of 42.77%. The firm had revenue of $8.54 million during the quarter, compared to analysts’ expectations of $8.50 million. On average, analysts expect Pixelworks to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pixelworks Price Performance

Shares of PXLW traded down $0.00 on Tuesday, hitting $0.66. The company’s stock had a trading volume of 6,379 shares, compared to its average volume of 835,295. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.21 and a quick ratio of 3.79. The firm’s fifty day moving average price is $0.72 and its 200-day moving average price is $0.98. Pixelworks has a fifty-two week low of $0.61 and a fifty-two week high of $3.08.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Pixelworks from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Needham & Company LLC lowered their price objective on shares of Pixelworks from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

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.