Pixelworks (NASDAQ:PXLW – Get Free Report) is set to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Pixelworks (NASDAQ:PXLW – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Pixelworks had a negative return on equity of 55.94% and a negative net margin of 33.22%. The business had revenue of $16.05 million during the quarter, compared to analyst estimates of $16.00 million. On average, analysts expect Pixelworks to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Pixelworks Trading Down 0.5 %
NASDAQ:PXLW opened at $0.98 on Wednesday. Pixelworks has a 1 year low of $0.87 and a 1 year high of $3.08. The business has a fifty day moving average of $1.00 and a 200-day moving average of $1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.78 and a quick ratio of 4.51.
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Insider Activity at Pixelworks
In other news, CEO Todd Debonis sold 24,842 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $1.15, for a total transaction of $28,568.30. Following the completion of the sale, the chief executive officer now directly owns 1,765,223 shares of the company’s stock, valued at $2,030,006.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.70% of the company’s stock.
About Pixelworks
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.
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