Pixelworks (NASDAQ:PXLW) Given New $1.50 Price Target at Needham & Company LLC

Pixelworks (NASDAQ:PXLW) had its target price decreased by investment analysts at Needham & Company LLC from $2.00 to $1.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 75.13% from the company’s current price.

Separately, StockNews.com downgraded Pixelworks from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

Pixelworks Stock Performance

PXLW opened at $0.86 on Wednesday. The company has a current ratio of 4.21, a quick ratio of 3.79 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $0.72 and its 200-day moving average is $0.94. The stock has a market cap of $50.15 million, a PE ratio of -1.82 and a beta of 1.61. Pixelworks has a twelve month low of $0.61 and a twelve month high of $3.08.

Institutional Trading of Pixelworks

A number of institutional investors have recently made changes to their positions in PXLW. SG Americas Securities LLC acquired a new position in shares of Pixelworks during the first quarter valued at approximately $50,000. Marathon Capital Management bought a new position in Pixelworks during the 2nd quarter valued at $25,000. Renaissance Technologies LLC increased its position in shares of Pixelworks by 5.9% during the 2nd 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 during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Pixelworks in the 1st quarter worth $84,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Pixelworks in the third quarter valued at $91,000. 21.37% of the stock is owned by institutional investors and hedge funds.

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.