Pixelworks (NASDAQ:PXLW) Issues Q4 2024 Earnings Guidance

Pixelworks (NASDAQ:PXLW) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.110–0.080 for the period, compared to the consensus estimate of -0.100. The company issued revenue guidance of $9.0 million-$10.0 million, compared to the consensus revenue estimate of $10.2 million.

Analysts Set New Price Targets

Several brokerages recently commented on PXLW. Needham & Company LLC cut their price target on shares of Pixelworks from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Pixelworks from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

Pixelworks Trading Up 7.1 %

Pixelworks stock opened at $0.86 on Friday. The business has a fifty day moving average price of $0.72 and a 200-day moving average price of $0.94. Pixelworks has a 1-year low of $0.61 and a 1-year high of $3.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.02 and a quick ratio of 3.79.

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.