PXLW: Potential BuyNews pushing the price well above the channel. It would be natural for the price to retest the price channel drawn but upside expected to continue backed by analysts. Beware of the earnings 08 Feb. Target at $2,92.
PXLW
$PXLW - Bullish Momentum Possible Retracement Coming Pixelworks, Inc. engages in design, development, and marketing of visual display processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits solutions for video applications. It also offers solutions for advanced media processing, and the delivery and streaming of video. The company was founded in 1997 by Robert Y. Greenberg and Allen H. Alley and is headquartered in San Jose, CA.
SHORT INTEREST
356.48K 09/30/19
P/E Current
-33.15
P/E Ratio (with extraordinary items)
-41.30
Average Recommendation: BUY
Average Target Price: 5.25
Possible Fireworks For PIXELWORKS 3 Days Until Earnings Pixelworks, Inc. designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices. It provides its customers with software development tools and with software that provides basic functionality for its ICs and enables connectivity of its customers' products. Its primary target markets include digital projection systems, Ultrabook devices, tablets and smartphones. Its video display processing technologies include Halo Free Motion Estimation and Motion Compensation (MEMC), Advanced Scaling, Mobile Video Display Processing, and Vuemagic and Networked Displays. Its primary video display processor product categories include ImageProcessor ICs, Video Co-Processor ICs and Transcoder ICs.
Pixelworks, Inc. (PXLW), a leading provider of advanced visual processing solutions, has received the prestigious Hollywood Professional Association (HPA) Engineering Excellence Award for its recently launched TrueCut® Motion Grading software tool suite, a key element in the TrueCut Video Platform announced earlier this year.
SHORT INTEREST
511.34K 07/15/19
P/E Current
-22.72
P/E Ratio (with extraordinary items)
-26.84
Average Recommendation: BUY
Average Target Price: 5.70
PXLW $6.00 Target Price Analysts have set a 1-year consensus price objective of $6.00 for the company and are forecasting that the company will post ($0.13) earnings per share for the current quarter.
Shares of Pixelworks opened at 2.92 on Monday. The firm’s market capitalization is $80.66 million. The stock has a 50 day moving average price of $2.94 and a 200 day moving average price of $4.54. Pixelworks has a 12-month low of $2.21 and a 12-month high of $7.13.
Pixelworks (NASDAQ:PXLW) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. During the same period in the previous year, the business posted ($0.04) earnings per share. The firm had revenue of $16.60 million for the quarter, compared to the consensus estimate of $17.17 million. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that Pixelworks will post ($0.27) EPS for the current fiscal year.
A number of equities research analysts have recently commented on the company. Craig Hallum initiated coverage on Pixelworks in a report on Friday. They issued a “buy” rating and a $5.00 target price for the company. Roth Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Pixelworks in a research note on Saturday, August 29th. Zacks Investment Research downgraded shares of Pixelworks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Finally, Dougherty & Co lowered their price target on Pixelworks from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, November 6th.
Pixelworks, Inc. designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (NASDAQ:PXLW) solutions for digital video applications. The Company’s products allow manufacturers and developers of digital display and projection devices to manufacture screens of all sizes. It provides its customers with software development tools and with software that provides basic functionality for its integrated circuits and enables connectivity of its customers’ products. Its products can be used in a range of devices from large flat panel displays to small low power mobile applications. Its products are designed to reduce overall system power requirements. Its primary target markets include digital projection systems, digital televisions, Ultrabook devices, tablets and smartphones. Its product categories include ImageProcessor integrated circuits (ICs), Video Co-Processor ICs and Networked Display ICs.
