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

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 41,884 shares of Pixelworks 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Pixelworks Price Performance

Shares of PXLW opened at $0.77 on Friday. 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 stock has a market cap of $45.43 million, a PE ratio of -1.64 and a beta of 1.61. The firm has a 50-day simple moving average of $0.74 and a two-hundred day simple moving average of $0.89. Pixelworks, Inc. has a 1-year low of $0.61 and a 1-year high of $3.08.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Marathon Capital Management acquired a new position in shares of Pixelworks in the second quarter valued at approximately $25,000. SG Americas Securities LLC acquired a new position in shares of Pixelworks in the first quarter valued at approximately $50,000. GSA Capital Partners LLP acquired a new position in shares of Pixelworks in the third quarter valued at approximately $91,000. Renaissance Technologies LLC grew its holdings in shares of Pixelworks by 5.9% in 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. Finally, Acadian Asset Management LLC grew its holdings in Pixelworks by 78.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,308,930 shares of the semiconductor company’s stock worth $1,286,000 after acquiring an additional 574,643 shares in the last quarter. Institutional investors and hedge funds own 21.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Pixelworks from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Needham & Company LLC reduced 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.

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.