Zacks Investment Research downgraded Pixelworks, Inc. (NASDAQ:PXLW) to Hold in a statement released earlier today.
- Updated: September 28, 2016
Only yesterday Pixelworks, Inc. (NASDAQ:PXLW) traded 2.53% higher at $2.84. Pixelworks, Inc.’s 50-day moving average is $2.82 and its 200-day moving average is $2.23. With the last stock price close up 27.20% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 46,686 shares of PXLW changing hands under the typical 167,027
Zacks Investment Research has downgraded Pixelworks, Inc. (NASDAQ:PXLW) to Hold in a statement released on 9/29/2016.
Previously on 9/6/2016, Zacks Investment Research reported about Pixelworks, Inc. (NASDAQ:PXLW) upped the target price from $0.00 to $3.00. At the time, this indicated a possible upside of 0.08%.
With a total market value of $0, Pixelworks, Inc. has with a 52 week low of $1.22 and a 52 week high of $3.89 .
Also covering Pixelworks, Inc.'s price target, a total of 4 brokerages have released a report on Pixelworks, Inc.. The 12-month price target is $3.38 with 1 equity analyst rating the company a strong buy, 2 firms rating the stock a buy, one analyst rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.
General Information About Pixelworks, Inc. (NASDAQ:PXLW)
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 Networked Display ICs.
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