Roth Mkm Issues Pessimistic Forecast for Pixelworks (NASDAQ:PXLW) Stock Price

Pixelworks (NASDAQ:PXLW) had its price objective reduced by stock analysts at Roth Mkm from $2.00 to $1.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s price objective would suggest a potential upside of 70.30% from the company’s current price.

A number of other research analysts also recently issued reports on PXLW. Needham & Company LLC reiterated a “buy” rating and issued a $1.50 price target on shares of Pixelworks in a research note on Wednesday. StockNews.com began coverage on shares of Pixelworks in a research note on Thursday, April 17th. They issued a “sell” rating for the company.

Pixelworks Stock Up 4.8%

Shares of NASDAQ:PXLW opened at $0.59 on Wednesday. Pixelworks has a fifty-two week low of $0.48 and a fifty-two week high of $1.34. The firm’s 50 day moving average price is $0.59 and its 200 day moving average price is $0.71. The company has a quick ratio of 3.57, a current ratio of 4.02 and a debt-to-equity ratio of 0.03. The stock has a market cap of $35.81 million, a price-to-earnings ratio of -1.20 and a beta of 1.39.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share (EPS) 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%. As a group, equities research analysts predict that Pixelworks will post -0.27 earnings per share for the current fiscal year.

Insider Transactions at Pixelworks

In other news, CFO Haley F. Aman sold 48,854 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $0.85, for a total transaction of $41,525.90. Following the completion of the sale, the chief financial officer now owns 352,607 shares in the company, valued at approximately $299,715.95. The trade was a 12.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

Several institutional investors have recently modified their holdings of PXLW. Parallel Advisors LLC purchased a new stake in shares of Pixelworks during the 1st quarter worth approximately $28,000. Raymond James Financial Inc. purchased a new stake in Pixelworks in the 4th quarter valued at $31,000. Renaissance Technologies LLC raised its position 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 purchasing an additional 225,948 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Pixelworks by 7.3% in the 1st quarter. Baird Financial Group Inc. now owns 4,571,669 shares of the semiconductor company’s stock valued at $2,866,000 after purchasing an additional 309,594 shares during the last quarter. Hedge funds and other institutional investors own 21.37% of the company’s stock.

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.