Insider Selling: Pixelworks, Inc. (NASDAQ:PXLW) CFO Sells $41,525.90 in Stock

Pixelworks, Inc. (NASDAQ:PXLW) CFO Haley F. Aman sold 48,854 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 352,607 shares in the company, valued at approximately $299,715.95. This represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pixelworks Stock Performance

Shares of Pixelworks stock opened at $0.81 on Friday. Pixelworks, Inc. has a 52-week low of $0.61 and a 52-week high of $3.08. The firm has a 50-day moving average of $0.79 and a 200-day moving average of $0.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.02 and a quick ratio of 3.57.

Pixelworks (NASDAQ:PXLW) last announced its 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 analysts forecast that Pixelworks, Inc. will post -0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pixelworks

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in Pixelworks in the 3rd quarter valued at $91,000. Raymond James Financial Inc. bought a new position in shares of Pixelworks in the fourth quarter worth $31,000. Baird Financial Group Inc. raised its stake in Pixelworks by 29.3% in the fourth 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 in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Pixelworks by 44.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 21.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed 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.