Cadence Capital Management LLC Invests $1.62 Million in Pixelworks, Inc. (PXLW) Stock
Cadence Capital Management LLC acquired a new position in shares of Pixelworks, Inc. (NASDAQ:PXLW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 255,143 shares of the semiconductor company’s stock, valued at approximately $1,615,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Pixelworks by 16.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,183,883 shares of the semiconductor company’s stock worth $5,435,000 after purchasing an additional 163,923 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Pixelworks in the 3rd quarter valued at $305,000. TIAA CREF Investment Management LLC purchased a new position in shares of Pixelworks in the 2nd quarter valued at $345,000. Northern Trust Corp increased its holdings in shares of Pixelworks by 563.2% in the 2nd quarter. Northern Trust Corp now owns 314,617 shares of the semiconductor company’s stock valued at $1,444,000 after acquiring an additional 267,181 shares during the period. Finally, Algert Global LLC increased its holdings in shares of Pixelworks by 19.9% in the 3rd quarter. Algert Global LLC now owns 345,781 shares of the semiconductor company’s stock valued at $1,629,000 after acquiring an additional 57,340 shares during the period. Institutional investors own 37.77% of the company’s stock.
In other news, CFO Steven L. Moore sold 74,999 shares of Pixelworks stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $5.88, for a total value of $440,994.12. Following 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.50% of the company’s stock.
Pixelworks, Inc. (NASDAQ:PXLW) opened at $5.36 on Friday. Pixelworks, Inc. has a fifty-two week low of $3.73 and a fifty-two week high of $7.05. The stock has a market capitalization of $180.51, a price-to-earnings ratio of 29.28 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.98 and a quick ratio of 1.72.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://theolympiareport.com/2018/02/11/cadence-capital-management-llc-invests-1-62-million-in-pixelworks-inc-pxlw-stock.html.
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.
Want to see what other hedge funds are holding PXLW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pixelworks, Inc. (NASDAQ:PXLW).
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.