Pixelworks (PXLW) — This company designs, develops and markets video and pixel processing semiconductors, and software for digital high-end video applications
On Feb. 19, the company announced that it will demonstrate its industry-leading mobile video technology at the influential Mobile World Congress. This is the same core technology that was showcased by Pixelworks at the Consumer Electronics Show (CES) in January on Ultra HD TVs. Therefore, management seems to feel it has relevance across a wide array of platforms and screen sizes.
The company reported Q4 earnings on Feb. 6 of $0.05 per share, compared with a net loss of $0.15 per share in the fourth quarter of 2012, but missed estimates by a penny.
This speculative small-cap growth stock is being recommended based on positive technical analysis from our new Profit Scanner tool. Without it I probably would have overlooked the bullish continuation diamonds shown on the chart. The stock formed this bullish sub-pattern within an overall bull channel. High volume on up days also confirms that the stock is under accumulation.
Buy PXLW at the current price with a target of $7.40-$8 over a four-month period, and check out Profit Scanner.