Pixelworks (PXLW) Stock Surges Amid Semiconductor Sector Gains

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Nov 21, 2024
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Pixelworks Inc. (PXLW, Financial) experienced a notable stock movement, with its share price rising by 5.12%. The stock is currently priced at $0.737 per share, with a trading volume of 215,893 shares, a turnover rate of 0.37%, and a price fluctuation of 3.85%.

According to recent financial reports, Pixelworks recorded a revenue of $9.53 million, a net loss of $8.14 million, and an earnings per share (EPS) of -$0.14. The gross profit stood at $4.88 million, with a price-to-earnings (P/E) ratio of -1.55. Currently, there are no institutional ratings available for the stock, indicating a lack of buy, hold, or sell recommendations.

Within the semiconductor industry, where Pixelworks operates, the overall growth was 1.58%. Notable performers in this sector included Alpha and Omega Semiconductor, Navitas Semiconductor, and Credo Technology Group Holding Ltd. Active stocks with significant turnover rates were Wolfspeed, Inc., Sealsq Corp, and Alpha and Omega Semiconductor, with turnover rates of 6.24%, 5.99%, and 4.49% respectively. Stocks with notable price fluctuations included Alpha and Omega Semiconductor, Navitas Semiconductor, and Sealsq Corp, with fluctuations of 35.67%, 12.84%, and 11.60% respectively.

Pixelworks Inc. specializes in visual processing semiconductor and software solutions, ensuring high-quality viewing experiences across various applications. The company targets mobile devices, home and enterprise markets, and the cinema industry, focusing on IC solutions for electronic display devices. Most of its revenue is generated from the Chinese market.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.