Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis Sells 23,864 Shares of Stock

Pixelworks, Inc. (NASDAQ:PXLWGet Rating) CEO Todd Debonis sold 23,864 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $1.53, for a total value of $36,511.92. Following the completion of the transaction, the chief executive officer now directly owns 1,364,837 shares in the company, valued at approximately $2,088,200.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Pixelworks Stock Down 4.0 %

NASDAQ:PXLW opened at $1.45 on Tuesday. The company’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $1.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.56 and a current ratio of 5.78. Pixelworks, Inc. has a fifty-two week low of $1.34 and a fifty-two week high of $5.67. The stock has a market capitalization of $79.54 million, a P/E ratio of -4.53 and a beta of 2.06.

Institutional Investors Weigh In On Pixelworks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prelude Capital Management LLC purchased a new position in Pixelworks in the first quarter worth $32,000. Commonwealth Equity Services LLC increased its position in Pixelworks by 37.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,273 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. increased its position in Pixelworks by 77.6% during the 1st quarter. JPMorgan Chase & Co. now owns 105,228 shares of the semiconductor company’s stock valued at $313,000 after buying an additional 45,971 shares in the last quarter. Acadian Asset Management LLC raised its stake in Pixelworks by 13.2% in the first quarter. Acadian Asset Management LLC now owns 121,418 shares of the semiconductor company’s stock valued at $359,000 after buying an additional 14,132 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Pixelworks by 4.0% in the first quarter. Raymond James & Associates now owns 132,833 shares of the semiconductor company’s stock worth $395,000 after acquiring an additional 5,133 shares in the last quarter. Hedge funds and other institutional investors own 27.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PXLW shares. StockNews.com started coverage on Pixelworks in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Craig Hallum cut their price target on Pixelworks to $3.00 in a report on Tuesday, November 15th.

Pixelworks Company Profile

(Get Rating)

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home entertainment, content, and business and education markets. The company provides video display processor products, including image processor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; video co-processor integrated circuits that work with an image processor to post-process video signals to enhance the performance or feature set of the overall video solution; and transcoder integrated circuits, which comprise embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing for converting bitrates, resolutions, and codecs.

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Insider Buying and Selling by Quarter for Pixelworks (NASDAQ:PXLW)

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