Pixelworks (NASDAQ:PXLW) Stock Passes Above 200 Day Moving Average – Time to Sell?

Pixelworks, Inc. (NASDAQ:PXLW)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

Separately, Needham & Company LLC lowered their price objective 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 Trading Up 7.8 %

The firm’s 50-day simple moving average is $0.75 and its 200 day simple moving average is $0.80. The stock has a market cap of $47.65 million, a P/E ratio of -1.72 and a beta of 1.63. The company has a current ratio of 4.02, a quick ratio of 3.57 and a debt-to-equity ratio of 0.03.

Insider Buying and Selling

In other news, CEO Todd Debonis sold 41,884 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Pixelworks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in shares of Pixelworks by 78.3% in 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 during the period. GSA Capital Partners LLP acquired a new stake in Pixelworks in the third quarter worth approximately $91,000. Renaissance Technologies LLC boosted its stake in 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 in the last quarter. Finally, Marathon Capital Management acquired a new position in shares of Pixelworks during the 2nd quarter valued at $25,000. Institutional investors own 21.37% of the company’s stock.

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.