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.
