Pixelworks (PXLW) Set to Announce Earnings on Tuesday

Pixelworks (NASDAQ:PXLW) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Pixelworks to post earnings of ($0.15) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.03. The firm had revenue of $8.54 million during the quarter, compared to analyst estimates of $8.50 million. Pixelworks had a negative return on equity of 72.81% and a negative net margin of 42.77%. On average, analysts expect Pixelworks to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pixelworks Stock Down 0.3 %

PXLW stock traded down $0.00 during mid-day trading on Tuesday, reaching $0.66. The company’s stock had a trading volume of 6,379 shares, compared to its average volume of 835,295. The company has a current ratio of 4.21, a quick ratio of 3.79 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $0.72 and its 200 day moving average price is $0.98. Pixelworks has a 12 month low of $0.61 and a 12 month high of $3.08.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com lowered Pixelworks from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Needham & Company LLC dropped their price objective on Pixelworks from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Pixelworks Company Profile

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.