Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Down 25.2% in June

Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 433,800 shares, a decrease of 25.2% from the May 31st total of 579,800 shares. Based on an average daily volume of 564,200 shares, the short-interest ratio is currently 0.8 days.

Insider Buying and Selling

In other Pixelworks news, CEO Todd Debonis sold 24,842 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $1.15, for a total transaction of $28,568.30. Following the completion of the sale, the chief executive officer now directly owns 1,765,223 shares in the company, valued at $2,030,006.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Traynor Capital Management Inc. acquired a new position in shares of Pixelworks during the 1st quarter worth about $39,000. SG Americas Securities LLC bought a new stake in shares of Pixelworks during the 1st quarter worth about $50,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Pixelworks during the 1st quarter worth about $84,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Pixelworks by 22.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,096 shares of the semiconductor company’s stock worth $91,000 after buying an additional 14,610 shares during the period. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Pixelworks during the 4th quarter worth about $255,000. 21.37% of the stock is currently owned by institutional investors and hedge funds.

Pixelworks Stock Up 2.0 %

Shares of NASDAQ:PXLW traded up $0.02 during midday trading on Friday, reaching $0.98. 329,597 shares of the company were exchanged, compared to its average volume of 325,654. Pixelworks has a fifty-two week low of $0.87 and a fifty-two week high of $3.08. The company has a quick ratio of 4.51, a current ratio of 4.78 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $1.28 and a two-hundred day simple moving average of $1.78. The firm has a market cap of $56.84 million, a PE ratio of -2.52 and a beta of 1.61.

Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Tuesday, May 14th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Pixelworks had a negative net margin of 33.22% and a negative return on equity of 55.94%. The firm had revenue of $16.05 million for the quarter, compared to analyst estimates of $16.00 million. As a group, sell-side analysts forecast that Pixelworks will post -0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

PXLW has been the subject of several recent research reports. StockNews.com raised shares of Pixelworks from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Needham & Company LLC dropped their price objective on shares of Pixelworks from $3.50 to $2.50 and set a “buy” rating for the company in a report on Wednesday, May 15th. Roth Mkm dropped their price objective on shares of Pixelworks from $3.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Craig Hallum decreased their price target on shares of Pixelworks from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th.

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.