Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Dumping Pixelworks, Inc. (PXLW)

Page 1 of 2

Hedge funds are not perfect. They have their bad picks just like everyone else. Micron, a stock hedge funds have loved, lost 50% during the last 12 months ending in October 30. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 30 S&P 500 stocks among hedge funds at the end of September 2014 yielded an average return of 9.5% in the same time period, vs. a gain of 5.2% for the S&P 500 Index. Because hedge funds have a lot of resources and their consensus picks do well, we pay attention to what they think. In this article, we analyze what the elite funds think of Pixelworks, Inc. (NASDAQ:PXLW).

Is Pixelworks, Inc. (NASDAQ:PXLW) going to take off soon? The smart money is reducing their bets on the stock. The number of long hedge fund bets dropped by 4 lately. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Dover Motorsports, Inc. (NYSE:DVD), Universal Technical Institute, Inc. (NYSE:UTI), and The L.S. Starrett Company (NYSE:SCX) to gather more data points.

Follow Pixelworks Inc (NASDAQ:PXLW)
Trade (NASDAQ:PXLW) Now!

With all of this in mind, we’re going to take a gander at the recent action regarding Pixelworks, Inc. (NASDAQ:PXLW).

Hedge fund activity in Pixelworks, Inc. (NASDAQ:PXLW)

At the end of the third quarter, a total of 9 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -31% from the second quarter. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, William C. Martin’s Raging Capital Management has the largest position in Pixelworks, Inc. (NASDAQ:PXLW), worth close to $2.6 million, amounting to 0.3% of its total 13F portfolio. The second most bullish fund manager is Keane Capital Management, managed by Peter Keane, which holds a $2.3 million position; 3% of its 13F portfolio is allocated to the company. Some other professional money managers that are bullish contain Christopher Zepf and Brian Thonn’s Kingdom Ridge Capital, Warren Lammert’s Granite Point Capital and Matthew Hulsizer’s PEAK6 Capital Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!