Pixelworks (NASDAQ:PXLW – Get Free Report) had its price target lifted by investment analysts at Needham & Company LLC from $3.00 to $3.50 in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 58.37% from the stock’s previous close.
Separately, StockNews.com lowered Pixelworks from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd.
Pixelworks Stock Performance
Institutional Investors Weigh In On Pixelworks
Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Pixelworks in the second quarter valued at $29,000. Prelude Capital Management LLC acquired a new position in Pixelworks during the first quarter worth $32,000. Squarepoint Ops LLC acquired a new stake in shares of Pixelworks in the first quarter valued at about $52,000. Quadrature Capital Ltd grew its position in shares of Pixelworks by 79.1% in the second quarter. Quadrature Capital Ltd now owns 33,238 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 14,679 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Pixelworks in the third quarter valued at about $64,000. 23.61% of the stock is currently owned by institutional investors and hedge funds.
Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home entertainment, over-the-air, cinema, and business and education markets. The company provides image processor integrated circuits, including embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits, for mobile devices; 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.
- Five stocks we like better than Pixelworks
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- MarketBeat Week in Review – 2/5 – 2/9
- Election Stocks: How Elections Affect the Stock Market
- Cloudflare results spark analysts reset: 25% upside ahead
- Breakout Stocks: What They Are and How to Identify Them
- Beyond Nvidia: The hidden stars with 200% earnings growth
Receive News & Ratings for Pixelworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pixelworks and related companies with MarketBeat.com's FREE daily email newsletter.