Todd Debonis Sells 41,884 Shares of Pixelworks, Inc. (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 41,884 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $0.74, for a total transaction of $30,994.16. Following the completion of the sale, the chief executive officer now directly owns 1,699,300 shares in the company, valued at $1,257,482. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pixelworks Price Performance

Shares of PXLW stock opened at $0.77 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.02 and a quick ratio of 3.57. The company has a market capitalization of $45.43 million, a P/E ratio of -1.64 and a beta of 1.61. The company’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $0.88. Pixelworks, Inc. has a one year low of $0.61 and a one year high of $3.08.

Hedge Funds Weigh In On Pixelworks

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in shares of Pixelworks by 219.0% during the first quarter. Acadian Asset Management LLC now owns 734,287 shares of the semiconductor company’s stock valued at $1,893,000 after purchasing an additional 504,071 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Pixelworks during the first quarter valued at approximately $50,000. Renaissance Technologies LLC boosted its stake in shares of Pixelworks by 5.9% during the second quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock valued at $487,000 after purchasing an additional 27,800 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Pixelworks during the third quarter valued at approximately $91,000. Finally, Marathon Capital Management bought a new position in shares of Pixelworks during the second quarter valued at approximately $25,000. 21.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PXLW has been the topic of a number of research analyst reports. Needham & Company LLC dropped their target price on shares of Pixelworks from $2.00 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. StockNews.com downgraded shares of Pixelworks from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

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.