GSA Capital Partners LLP Takes $91,000 Position in Pixelworks, Inc. (NASDAQ:PXLW)

GSA Capital Partners LLP bought a new position in shares of Pixelworks, Inc. (NASDAQ:PXLW) in the third quarter, HoldingsChannel reports. The fund bought 128,640 shares of the semiconductor company’s stock, valued at approximately $91,000.

Several other large investors have also recently bought and sold shares of PXLW. SG Americas Securities LLC purchased a new position in Pixelworks in the first quarter valued at approximately $50,000. Marathon Capital Management purchased a new stake in shares of Pixelworks during the 2nd quarter worth approximately $25,000. Renaissance Technologies LLC boosted its holdings in shares of Pixelworks by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock valued at $487,000 after buying an additional 27,800 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Pixelworks by 78.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,308,930 shares of the semiconductor company’s stock valued at $1,286,000 after buying an additional 574,643 shares during the last quarter. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Insider Activity

In other Pixelworks news, CEO Todd Debonis sold 41,884 shares of Pixelworks stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $0.74, for a total value of $30,994.16. Following the completion of the transaction, the chief executive officer now directly owns 1,699,300 shares in the company, valued at $1,257,482. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PXLW. Needham & Company LLC decreased their target price on Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a research report on Wednesday, November 13th. StockNews.com cut Pixelworks from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

Pixelworks Price Performance

PXLW stock opened at $0.78 on Tuesday. Pixelworks, Inc. has a 12-month low of $0.61 and a 12-month high of $3.08. The stock has a 50-day moving average price of $0.74 and a two-hundred day moving average price of $0.87. 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 market cap of $46.15 million, a PE ratio of -1.67 and a beta of 1.61.

Pixelworks 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.