Becker Drapkin Management Lowers Its Stake in Pixelworks, Inc (PXLW)

Matthew Drapkin’s and Steven R. Becker’s  Becker Drapkin Management trimmed its stake in Pixelworks, Inc (NASDAQ:PXLW) to 2.19 million shares from 2.50 million shares held earlier. The stake amasses 10% of the company’s common stock.

Pixelworks, Inc. (NASDAQ:PXLW) is focused on designing, developing and marketing of video and pixel processing semiconductors and software for digital video applications.

Pixelworks

Pixelworks, Inc. (NASDAQ:PXLW) reported its fourth quarter 2013 financial results earlier this month. The company recorded revenues up by 10% on the year  to $15.0 million. The US-based company exited the quarter with earnings of $0.05 per share, compared to a net loss of $0.15 per share in the year ago period. The year 2013 was a pivotal year for the company and it believes it will continue to grow in 2014. The company expects revenues in the range of $12 million to $14 million for the first quarter of 2014, which represents an increase of 50% compared to the corresponding quarter in 2013.

Amongst the funds tracked by Insider Monkey, some other hedge funds disclosed holding shares of Pixelworks, Inc. (NASDAQ:PXLW) are Phil Frohlich’s Prescott Group Capital Management which held 100,000 shares as at September 2013.

Last month, Becker Drapkin Management revealed that it trimmed its stake in Pacer International, Inc. (NASDAQ:PACR), to 2.16 million shares from 3.12 million shares held earlier.

Becker Drapkin Management focuses on small-cap value situations in the U.S. equity markets and the fund has been actively shuffling its equity portfolio since late last year. It has slimmed down its stake in Tuesday Morning Corporation (NASADQ:TUES), one of its largest investment, to a mere 4.8% from 6.7% held earlier. On the other hand, it upped its position in EMCORE Corporation (NASDAQ:EMKR), to 8.6% from 7.1% held earlier.

Disclosure: none

Recommended Readings:

David Abrams’ Hedge Fund Is Betting On These Stocks: The Western Union Company (WU), SLM Corp (SLM) & Others

Baupost Group and Seth Klarman Are Fond of Micron Technology, Inc. (MU), Theravance Inc (THRX) & Others

Driehaus Capital Top Picks: Vipshop Holdings Ltd – ADR (VIPS), General Motors Company (GM) & More

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!