Pixelworks (NASDAQ:PXLW – Get Free Report) posted its earnings results on Wednesday. The semiconductor company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02, Zacks reports. Pixelworks had a negative return on equity of 93.16% and a negative net margin of 50.01%.
Pixelworks Stock Performance
Shares of NASDAQ PXLW traded down $0.01 during midday trading on Friday, reaching $0.81. 72,293 shares of the company were exchanged, compared to its average volume of 347,943. The stock has a fifty day simple moving average of $0.79 and a 200 day simple moving average of $0.77. 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 stock has a market cap of $47.98 million, a P/E ratio of -1.73 and a beta of 1.65. Pixelworks has a 1 year low of $0.61 and a 1 year high of $3.08.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $1.50 price target on shares of Pixelworks in a research report on Thursday.
Insiders Place Their Bets
In related news, CEO Todd Debonis sold 41,884 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $0.74, for a total transaction of $30,994.16. Following the completion of the sale, the chief executive officer now directly owns 1,699,300 shares of the company’s stock, valued at $1,257,482. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by insiders.
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.
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