Pixelworks, Inc (PXLW) Files Form 4 Insider Selling : C Scott Gibson Sells 15,000 Shares

Pixelworks, Inc (PXLW): C Scott Gibson , director of Pixelworks, Inc sold 15,000 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $2.00 per share for a total value of $30,012.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, Stephen L Domenik (CEO) purchased 50,000 shares at $1.58 per share price.On Feb 23, 2016, Daniel Heneghan (director) purchased 30,000 shares at $1.74 per share price.Also, On Feb 19, 2016, Todd Debonis (COO) purchased 75,000 shares at $1.53 per share price.On Feb 19, 2016, Steven L Moore (CFO) purchased 49,900 shares at $1.54 per share price.

Shares of Pixelworks (PXLW) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.50% at $2 with 1,36,378 shares getting traded. Post opening the session at $2, the shares hit an intraday low of $1.96 and an intraday high of $2.04 and the price vacillated in this range throughout the day. The company has a market cap of $56 M and the number of outstanding shares has been calculated to be 2,80,73,767 shares. The 52-week high of Pixelworks is $7.13 and the 52-week low is $1.22.

Pixelworks Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pixelworks is Downgraded by Lake Street to Hold while Lowering the Price Target of the company shares to $ 2.50 from a previous price target of $5 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 5, 2016.

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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