Pixelworks, Inc. (NASDAQ:PXLW) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of Pixelworks, Inc. (NASDAQ:PXLW) by 17.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 116,182 shares of the semiconductor company’s stock after selling 24,825 shares during the period. Dimensional Fund Advisors LP’s holdings in Pixelworks were worth $114,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Traynor Capital Management Inc. acquired a new position in shares of Pixelworks in the 1st quarter valued at $39,000. SG Americas Securities LLC purchased a new position in shares of Pixelworks during the first quarter worth $50,000. Susquehanna Fundamental Investments LLC purchased a new position in Pixelworks during the 1st quarter valued at about $84,000. ClariVest Asset Management LLC purchased a new stake in Pixelworks during the first quarter worth about $530,000. Finally, Acadian Asset Management LLC lifted its position in shares of Pixelworks by 219.0% during the first quarter. Acadian Asset Management LLC now owns 734,287 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 504,071 shares in the last quarter. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Pixelworks Price Performance

Shares of NASDAQ PXLW opened at $0.91 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.79 and a current ratio of 4.21. Pixelworks, Inc. has a one year low of $0.61 and a one year high of $3.08. The firm has a market capitalization of $52.60 million, a P/E ratio of -2.33 and a beta of 1.61. The company’s fifty day moving average is $0.72 and its two-hundred day moving average is $1.11.

Pixelworks (NASDAQ:PXLW) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $8.54 million during the quarter, compared to analysts’ expectations of $8.50 million. Pixelworks had a negative return on equity of 72.81% and a negative net margin of 42.77%. Analysts forecast that Pixelworks, Inc. will post -0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PXLW has been the topic of a number of analyst reports. StockNews.com lowered Pixelworks from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Needham & Company LLC decreased their price target on shares of Pixelworks from $2.50 to $2.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.

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.