Pixelworks, Inc. (NASDAQ:PXLW) saw unusually large options trading activity on Thursday. Stock investors purchased 2,008 call options on the stock. This represents an increase of 1,334% compared to the typical volume of 140 call options.

Several research analysts recently issued reports on PXLW shares. Zacks Investment Research upgraded shares of Pixelworks from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Thursday, December 7th. Dougherty & Co increased their price objective 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. Finally, Roth Capital reissued a “buy” rating and set a $8.00 price objective on shares of Pixelworks in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Pixelworks presently has a consensus rating of “Buy” and an average target price of $6.81.

In related news, CFO Steven L. Moore sold 74,999 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $5.88, for a total value of $440,994.12. Following the completion of the transaction, the chief financial officer now directly owns 496,570 shares in the company, valued at approximately $2,919,831.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp grew its position in Pixelworks by 31.1% during the 2nd quarter. Stifel Financial Corp now owns 26,189 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 6,213 shares during the last quarter. Bank of New York Mellon Corp grew its position in Pixelworks by 15.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 97,753 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 12,962 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Pixelworks during the 2nd quarter valued at about $105,000. Macquarie Group Ltd. purchased a new stake in Pixelworks during the 3rd quarter valued at about $108,000. Finally, Rhumbline Advisers purchased a new stake in Pixelworks during the 2nd quarter valued at about $126,000. 37.64% of the stock is currently owned by institutional investors.

Shares of Pixelworks (NASDAQ PXLW) opened at $6.66 on Friday. Pixelworks has a 1 year low of $2.85 and a 1 year high of $7.05. The company has a market cap of $228.12, a PE ratio of 38.50 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 1.98.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Pixelworks had a negative net margin of 0.36% and a positive return on equity of 20.65%. The company had revenue of $18.76 million for the quarter, compared to the consensus estimate of $18.53 million. During the same period in the prior year, the firm posted ($0.02) EPS. Pixelworks’s revenue for the quarter was up 37.3% on a year-over-year basis. equities analysts predict that Pixelworks will post 0.09 earnings per share for the current fiscal year.

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About Pixelworks

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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