Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 349,100 shares, a growth of 54.1% from the January 31st total of 226,500 shares. Based on an average trading volume of 354,500 shares, the days-to-cover ratio is presently 1.0 days.

Insider Activity at Pixelworks

In related news, CFO Haley F. Aman sold 48,854 shares of Pixelworks stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 352,607 shares of the company’s stock, valued at $299,715.95. This trade represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pixelworks

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new position in Pixelworks in the third quarter worth $91,000. Raymond James Financial Inc. bought a new stake in shares of Pixelworks during the 4th quarter valued at $31,000. Baird Financial Group Inc. raised its stake in shares of 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. Finally, Renaissance Technologies LLC increased its stake in Pixelworks by 44.4% in the 4th quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock worth $536,000 after acquiring an additional 225,948 shares during the last quarter. 21.37% of the stock is owned by institutional investors.

Pixelworks Trading Down 1.7 %

Shares of NASDAQ:PXLW traded down $0.01 during mid-day trading on Tuesday, reaching $0.68. 335,397 shares of the company’s stock were exchanged, compared to its average volume of 359,139. The firm has a market capitalization of $39.96 million, a price-to-earnings ratio of -1.38 and a beta of 1.65. The business’s fifty day moving average price is $0.80 and its 200-day moving average price is $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 has a twelve month low of $0.61 and a twelve month high of $3.08.

Pixelworks (NASDAQ:PXLW) last announced 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, research analysts predict that Pixelworks will post -0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Pixelworks

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.