Revenue Update on Pixelworks(NASDAQ:PXLW)

Pixelworks(NASDAQ:PXLW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $12.58M. Analysts estimated a revenue of $12.02M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.08.

Pixelworks (PXLW) made into the market gainers list on Thursdays trading session with the shares advancing 14.81% or 0.32 points. Due to strong positive momentum, the stock ended at $2.48, which is also near the day’s high of $2.4801. The stock began the session at $2.2 and the volume stood at 5,47,989 shares. The 52-week high of the shares is $6.33 and the 52 week low is $1.22. The company has a current market capitalization of $70 M and it has 2,81,24,813 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, David J. Tupman (director) sold 2,650 shares at $1.70 per share price.Also, On May 16, 2016, Todd Debonis (CEO) purchased 25,000 shares at $1.64 per share price.On May 4, 2016, C Scott Gibson (director) sold 15,000 shares at $2.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 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.

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