Could Pixelworks, Inc. (PXLW) Crash Even More? The Stock Just Made Yearly Low

July 16, 2018 - By Mary Kidd

Pixelworks, Inc. (NASDAQ:PXLW) Logo

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.50, from 1.47 in 2017Q4. It dropped, as 10 investors sold Pixelworks, Inc. shares while 27 reduced holdings. 11 funds opened positions while 25 raised stakes. 12.63 million shares or 0.82% less from 12.74 million shares in 2017Q4 were reported.
Geode Cap Ltd invested in 0% or 274,798 shares. Renaissance Techs Limited holds 732,511 shares. 49,505 are owned by Lucus Advisors Ltd. Trexquant Ltd Partnership accumulated 29,234 shares. Gp One Trading Lp holds 66,948 shares. Deutsche Comml Bank Ag, Germany-based fund reported 236,974 shares. Tiaa Cref Invest Mngmt Limited Co holds 84,964 shares. The New York-based Natl Bank Of Ny Mellon has invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). The Georgia-based Voya Invest Mngmt Ltd Liability has invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). Price T Rowe Associates Inc Md reported 15,336 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Systems invested 0% in Pixelworks, Inc. (NASDAQ:PXLW). Aqr Mngmt Ltd Liability Com owns 296,571 shares for 0% of their portfolio. Gsa Prtnrs Limited Liability Partnership has 195,521 shares for 0.04% of their portfolio. Bowling Portfolio Limited Liability Corp reported 138,397 shares. Dimensional Fund Advsrs Limited Partnership owns 472,690 shares for 0% of their portfolio.

Since January 31, 2018, it had 3 buys, and 1 insider sale for $166,696 activity. $86,600 worth of Pixelworks, Inc. (NASDAQ:PXLW) shares were bought by HENEGHAN DANIEL. Another trade for 3,000 shares valued at $5,202 was bought by MOORE STEVEN L. 2,500 shares were sold by Tupman David J., worth $10,450.

The stock of Pixelworks, Inc. (NASDAQ:PXLW) hit a new 52-week low and has $3.34 target or 5.00 % below today’s $3.52 share price. The 7 months bearish chart indicates high risk for the $125.25 million company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $3.34 price target is reached, the company will be worth $6.26 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.86% or $0.03 during the last trading session, reaching $3.52. About 151,197 shares traded. Pixelworks, Inc. (NASDAQ:PXLW) has declined 18.58% since July 16, 2017 and is downtrending. It has underperformed by 31.15% the S&P500.

Analysts await Pixelworks, Inc. (NASDAQ:PXLW) to report earnings on August, 14. They expect $-0.05 EPS, down 171.43 % or $0.12 from last year’s $0.07 per share. After $-0.03 actual EPS reported by Pixelworks, Inc. for the previous quarter, Wall Street now forecasts 66.67 % negative EPS growth.

Pixelworks, Inc. designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom ASIC solutions for digital video applications. The company has market cap of $125.25 million. The Company’s products enable clients to deliver the energy efficient video quality on their devices. It currently has negative earnings. The firm provides video display processor products, including imageprocessor Ics , such as embedded microprocessors, digital signal processing technology, and software that control the activities and signal processing within high-end display systems; and video co-processor ICs that work with an image processor to post-process video signals to enhance the performance or feature set of the overall video solution.

Pixelworks, Inc. (NASDAQ:PXLW) Institutional Positions Chart

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