Pixelworks (NASDAQ:PXLW) Updates Q4 2024 Earnings Guidance

Pixelworks (NASDAQ:PXLW) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -0.110–0.080 for the period, compared to the consensus EPS estimate of -0.100. The company issued revenue guidance of $9.0 million-$10.0 million, compared to the consensus revenue estimate of $10.2 million.

Pixelworks Price Performance

Shares of PXLW stock traded up $0.12 during trading hours on Wednesday, reaching $0.80. The company’s stock had a trading volume of 919,558 shares, compared to its average volume of 821,422. The company has a quick ratio of 3.79, a current ratio of 4.21 and a debt-to-equity ratio of 0.03. Pixelworks has a fifty-two week low of $0.61 and a fifty-two week high of $3.08. The company has a market capitalization of $46.84 million, a price-to-earnings ratio of -1.74 and a beta of 1.61. The firm’s 50 day simple moving average is $0.72 and its 200-day simple moving average is $0.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PXLW shares. StockNews.com lowered Pixelworks from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Needham & Company LLC lowered their price target on shares of Pixelworks from $2.00 to $1.50 and set a “buy” rating for the company in a report on Wednesday.

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.