Pixelworks, Inc. (NASDAQ:PXLW) Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in Pixelworks, Inc. (NASDAQ:PXLW) by 78.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,308,930 shares of the semiconductor company’s stock after acquiring an additional 574,643 shares during the period. Acadian Asset Management LLC owned 2.26% of Pixelworks worth $1,286,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PXLW. Traynor Capital Management Inc. acquired a new stake in Pixelworks in the first quarter valued at $39,000. SG Americas Securities LLC acquired a new stake in Pixelworks in the first quarter valued at $50,000. Susquehanna Fundamental Investments LLC acquired a new stake in Pixelworks in the first quarter valued at $84,000. Finally, ClariVest Asset Management LLC acquired a new stake in Pixelworks in the first quarter valued at $530,000. 21.37% of the stock is owned by institutional investors and hedge funds.

Pixelworks Stock Up 9.7 %

Shares of NASDAQ:PXLW opened at $0.70 on Monday. The stock has a market capitalization of $40.69 million, a price-to-earnings ratio of -1.78 and a beta of 1.62. Pixelworks, Inc. has a 1-year low of $0.61 and a 1-year high of $3.08. The company’s fifty day moving average is $0.84 and its two-hundred day moving average is $1.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.79 and a current ratio of 4.21.

Pixelworks (NASDAQ:PXLW) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. Pixelworks had a negative net margin of 42.77% and a negative return on equity of 72.81%. The business had revenue of $8.54 million for the quarter, compared to analysts’ expectations of $8.50 million. Equities analysts anticipate that Pixelworks, Inc. will post -0.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Needham & Company LLC cut their price target on shares of Pixelworks from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. StockNews.com cut shares of Pixelworks from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

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.