Pixelworks (PXLW) Receiving Somewhat Positive News Coverage, Report Finds

Headlines about Pixelworks (NASDAQ:PXLW) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pixelworks earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 48.6226971613417 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Pixelworks stock traded down $0.07 during trading hours on Friday, reaching $4.23. The company’s stock had a trading volume of 186,172 shares, compared to its average volume of 504,334. Pixelworks has a one year low of $3.15 and a one year high of $7.05. The firm has a market capitalization of $153.01 million, a price-to-earnings ratio of 42.30 and a beta of 0.80. The company has a current ratio of 1.96, a quick ratio of 1.80 and a debt-to-equity ratio of 0.03.

Pixelworks (NASDAQ:PXLW) last posted its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Pixelworks had a negative return on equity of 9.64% and a negative net margin of 15.98%. The company had revenue of $19.25 million for the quarter, compared to analysts’ expectations of $18.50 million. research analysts forecast that Pixelworks will post -0.04 EPS for the current year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Pixelworks from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Thursday. Lake Street Capital set a $7.00 target price on shares of Pixelworks and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Finally, TheStreet lowered shares of Pixelworks from a “c-” rating to a “d” rating in a research note on Thursday, May 3rd. Four analysts have rated the stock with a buy rating, Pixelworks presently has a consensus rating of “Buy” and a consensus target price of $6.81.

Pixelworks Company Profile

Pixelworks, Inc designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for video applications. Its products enable customers to deliver the energy efficient video quality on their devices.

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