Pixelworks (NASDAQ:PXLW) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Pixelworks, Inc. (NASDAQ:PXLW) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.80 and traded as high as $0.81. Pixelworks shares last traded at $0.81, with a volume of 603,758 shares traded.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC decreased their price target on shares of Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a report on Wednesday, November 13th.

Pixelworks Trading Up 7.8 %

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 $47.65 million, a price-to-earnings ratio of -1.72 and a beta of 1.63. The business has a fifty day moving average price of $0.75 and a 200 day moving average price of $0.80.

Insider Buying and Selling at Pixelworks

In other Pixelworks news, CEO Todd Debonis sold 41,884 shares of the company’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 value of $30,994.16. Following the completion of the transaction, the chief executive officer now owns 1,699,300 shares of the company’s stock, valued at $1,257,482. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.70% of the company’s stock.

Institutional Trading of Pixelworks

A number of institutional investors and hedge funds have recently modified their holdings of PXLW. Acadian Asset Management LLC lifted its position in Pixelworks by 78.3% in the second quarter. Acadian Asset Management LLC now owns 1,308,930 shares of the semiconductor company’s stock worth $1,286,000 after purchasing an additional 574,643 shares during the period. Renaissance Technologies LLC boosted its holdings in 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 stake in shares of Pixelworks in the 3rd quarter valued at approximately $91,000. Finally, Marathon Capital Management acquired a new position in shares of Pixelworks in the 2nd quarter worth approximately $25,000. 21.37% of the stock is currently owned by institutional investors.

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.