Pixelworks price target lowered to $1 from $2 at Roth Capital

Roth Capital lowered the firm’s price target on Pixelworks (PXLW) to $1 from $2 and keeps a Buy rating on the shares. The firm cites the company’s results and guidance below consensus, reflecting muted mobile demand and seasonal projector impact, the analyst tells investors in a research note. Roth adds that it expects mobile recovery in the second half of 2025, with a ramp of slightly lower margin mid-range/entry smartphone opportunities.