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 firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $0.74, for a total transaction of $30,994.16. Following the sale, the chief executive officer now directly owns 1,699,300 shares of the company’s stock, valued at approximately $1,257,482. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Pixelworks Price Performance

Shares of PXLW opened at $0.77 on Friday. The stock has a market cap of $45.43 million, a P/E ratio of -1.64 and a beta of 1.61. The business’s fifty day moving average is $0.74 and its 200 day moving average is $0.89. 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, Inc. has a 12-month low of $0.61 and a 12-month high of $3.08.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PXLW. SG Americas Securities LLC bought a new stake in shares of Pixelworks during the first quarter worth about $50,000. Acadian Asset Management LLC boosted its stake in Pixelworks by 219.0% during the 1st 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 during the last quarter. Renaissance Technologies LLC increased its holdings in Pixelworks by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 495,700 shares of the semiconductor company’s stock worth $487,000 after purchasing an additional 27,800 shares in the last quarter. Marathon Capital Management purchased a new stake in shares of Pixelworks in the second quarter worth approximately $25,000. Finally, GSA Capital Partners LLP bought a new position in shares of Pixelworks in the third quarter valued at approximately $91,000. 21.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PXLW. StockNews.com cut shares of Pixelworks from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Needham & Company LLC reduced their target price on Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th.

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.