Pixelworks, Inc. (PXLW) Stake Increased by Northern Trust Corp
Northern Trust Corp lifted its stake in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 563.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 314,617 shares of the semiconductor company’s stock after buying an additional 267,181 shares during the quarter. Northern Trust Corp owned about 1.06% of Pixelworks worth $1,444,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in Pixelworks in the 2nd quarter valued at $105,000. Menta Capital LLC acquired a new stake in Pixelworks in the 2nd quarter valued at $421,000. Captrust Financial Advisors acquired a new stake in Pixelworks in the 2nd quarter valued at $512,000. TIAA CREF Investment Management LLC acquired a new stake in Pixelworks in the 2nd quarter valued at $345,000. Finally, Teachers Advisors LLC acquired a new stake in Pixelworks in the 2nd quarter valued at $229,000. 37.64% of the stock is owned by institutional investors.
Pixelworks, Inc. (PXLW) opened at $5.35 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 1.98. The stock has a market cap of $195.58, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.60. Pixelworks, Inc. has a fifty-two week low of $2.44 and a fifty-two week high of $6.22.
Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $18.76 million for the quarter, compared to the consensus estimate of $18.53 million. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The business’s revenue for the quarter was up 37.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) EPS. sell-side analysts anticipate that Pixelworks, Inc. will post 0.09 earnings per share for the current fiscal year.
Several research firms recently issued reports on PXLW. Zacks Investment Research downgraded shares of Pixelworks from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Dougherty & Co lifted their price target on shares of Pixelworks from $6.50 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, November 8th.
In other Pixelworks news, CFO Steven L. Moore sold 74,999 shares of Pixelworks stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total transaction of $440,994.12. Following the transaction, the chief financial officer now directly owns 496,570 shares of the company’s stock, valued at approximately $2,919,831.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is owned by insiders.
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Pixelworks, Inc designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices.
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