Pixelworks (PXLW) Receives Price Target

Pixelworks (PXLW) stock is expected to deviate a maximum of $0.63 from the average target price of $3.13 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $3.

Pixelworks (PXLW) : 2 brokerage houses believe that Pixelworks (PXLW) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pixelworks (PXLW). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.


Pixelworks (NASDAQ:PXLW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.69 and $2.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.75, notching a gain of 0.36% for the day. The total traded volume was 274,294 . The stock had closed at $2.74 on the previous day.

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 Companys 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.

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