Pixelworks Inc (NASDAQ: PXLW) Is An Investment You Should Consider If You’re A Risk Taker.

In the latest trading session, 0.95 million Pixelworks Inc (NASDAQ:PXLW) shares changed hands as the company’s beta touched 1.71. With the company’s most recent per share price at $2.45 changing hands around $0.24 or 11.09% at last look, the market valuation stands at $140.23M. PXLW’s last price was a premium, traded about 0.41% off its 52-week high of $2.44. The share price had its 52-week low at $1.01, which suggests the last value was 58.78% up since then. When we look at Pixelworks Inc’s average trading volume, we note the 10-day average is 9.29 million shares, with the 3-month average coming to 2.37.

Pixelworks Inc (NASDAQ:PXLW) trade information

Instantly PXLW is in green as seen in intraday trades today. With action 20.34%, the performance over the past five days has been green. The jump to weekly highs of 2.42 added 11.09% to the stock’s daily price. The company’s shares are showing year-to-date upside of 87.40%, with the 5-day performance at 20.34% in the green. However, in the 30-day time frame, Pixelworks Inc (NASDAQ:PXLW) is 77.90% up. Looking at the short shares, we see there were 0.3 million shares sold at short interest cover period of 0.08 days.

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Pixelworks Inc (PXLW) estimates and forecasts

Data shows that the Pixelworks Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 65.88% over the past 6 months, a 23.68% in annual growth rate that is considerably higher than the industry average of 5.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -33.77%. The 2024 estimates are for Pixelworks Inc earnings to increase by 48.25%, but the outlook for the next 5-year period is at 15.00% per year.

Pixelworks Inc (NASDAQ:PXLW)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 8.82% of Pixelworks Inc shares while 24.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 26.37%. There are 24.04% institutions holding the Pixelworks Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 5.26% of the shares, roughly 2.95 million PXLW shares worth $5.11 million.

Baird Financial Group, Inc. holds the second largest percentage of outstanding shares, with 4.68% or 2.63 million shares worth $4.55 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 2.21 million shares estimated at $3.82 million under it, the former controlled 3.93% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.18% of the shares, roughly 0.66 million shares worth around $1.15 million.

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