Pixelworks (NASDAQ:PXLW) PT Lowered to $2.00 at Roth Mkm

Pixelworks (NASDAQ:PXLWFree Report) had its price objective trimmed by Roth Mkm from $3.00 to $2.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently weighed in on PXLW. Needham & Company LLC decreased their target price on shares of Pixelworks from $3.50 to $2.50 and set a buy rating on the stock in a research note on Wednesday. StockNews.com lowered Pixelworks from a hold rating to a sell rating in a research note on Monday, May 13th.

View Our Latest Stock Report on PXLW

Pixelworks Stock Down 8.1 %

Shares of NASDAQ PXLW opened at $1.13 on Wednesday. The stock has a 50-day moving average price of $2.13 and a two-hundred day moving average price of $1.81. Pixelworks has a 12 month low of $1.01 and a 12 month high of $3.08. The company has a current ratio of 4.78, a quick ratio of 4.94 and a debt-to-equity ratio of 0.03. The company has a market cap of $65.32 million, a price-to-earnings ratio of -2.90 and a beta of 1.82.

Hedge Funds Weigh In On Pixelworks

A number of hedge funds have recently made changes to their positions in PXLW. Connor Clark & Lunn Investment Management Ltd. increased its position in Pixelworks by 22.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,096 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 14,610 shares during the period. Acadian Asset Management LLC increased its position in shares of Pixelworks by 5.2% during the third quarter. Acadian Asset Management LLC now owns 262,109 shares of the semiconductor company’s stock worth $294,000 after buying an additional 12,955 shares during the period. Essex Investment Management Co. LLC acquired a new position in Pixelworks in the fourth quarter valued at $255,000. SG Americas Securities LLC acquired a new stake in Pixelworks during the 1st quarter worth about $50,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Pixelworks in the 1st quarter worth about $84,000. 21.37% of the stock is currently owned by institutional investors.

Pixelworks Company Profile

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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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