GSA Capital Partners LLP Takes Position in Pixelworks, Inc. (NASDAQ:PXLW)

GSA Capital Partners LLP acquired a new position in Pixelworks, Inc. (NASDAQ:PXLW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 128,640 shares of the semiconductor company’s stock, valued at approximately $91,000. GSA Capital Partners LLP owned 0.22% of Pixelworks as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PXLW. Marathon Capital Management bought a new stake in shares of Pixelworks in the 2nd quarter worth $25,000. SG Americas Securities LLC bought a new position in shares of Pixelworks in the first quarter worth about $50,000. Renaissance Technologies LLC raised its position in shares of 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 buying an additional 27,800 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Pixelworks by 78.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,308,930 shares of the semiconductor company’s stock valued at $1,286,000 after purchasing an additional 574,643 shares during the last quarter. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Pixelworks Price Performance

Shares of PXLW opened at $0.78 on Tuesday. The company has a market capitalization of $46.15 million, a P/E ratio of -1.67 and a beta of 1.61. The business’s 50-day moving average is $0.74 and its two-hundred day moving average is $0.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.02. Pixelworks, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $3.08.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PXLW. StockNews.com downgraded shares of Pixelworks from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Needham & Company LLC reduced their target price on shares of Pixelworks from $2.00 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th.

Insider Activity at Pixelworks

In other news, CEO Todd Debonis sold 41,884 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $0.74, for a total transaction of $30,994.16. Following the completion of the sale, the chief executive officer now owns 1,699,300 shares of the company’s stock, valued at $1,257,482. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is owned by company insiders.

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.