Pixelworks, Inc. (NASDAQ:PXLW) Short Interest Update

Pixelworks, Inc. (NASDAQ:PXLW) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 349,100 shares, a growth of 54.1% from the January 31st total of 226,500 shares. Based on an average daily volume of 354,500 shares, the days-to-cover ratio is presently 1.0 days.

Pixelworks Stock Down 1.7 %

Shares of NASDAQ:PXLW traded down $0.01 during trading on Tuesday, hitting $0.68. The stock had a trading volume of 335,397 shares, compared to its average volume of 359,139. Pixelworks has a 12 month low of $0.61 and a 12 month high of $3.08. The company has a market capitalization of $39.96 million, a PE ratio of -1.38 and a beta of 1.65. The firm’s fifty day moving average is $0.80 and its 200 day moving average is $0.76. The company has a quick ratio of 3.57, a current ratio of 4.02 and a debt-to-equity ratio of 0.03.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Pixelworks had a negative return on equity of 111.21% and a negative net margin of 66.47%. Analysts anticipate that Pixelworks will post -0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $1.50 price target on shares of Pixelworks in a research report on Thursday, February 13th.

Insider Transactions at Pixelworks

In related news, CFO Haley F. Aman sold 48,854 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $0.85, for a total transaction of $41,525.90. Following the completion of the sale, the chief financial officer now directly owns 352,607 shares in the company, valued at $299,715.95. This represents a 12.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PXLW. Raymond James Financial Inc. purchased a new stake in Pixelworks during the 4th quarter valued at $31,000. GSA Capital Partners LLP purchased a new stake in Pixelworks during the 3rd quarter valued at $91,000. Renaissance Technologies LLC boosted its stake in Pixelworks by 44.4% during the 4th quarter. Renaissance Technologies LLC now owns 734,348 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 225,948 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Pixelworks by 29.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,262,075 shares of the semiconductor company’s stock valued at $3,109,000 after purchasing an additional 965,889 shares during the last quarter. Institutional investors own 21.37% of the company’s stock.

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.