Pixelworks price target lowered to $10 from $12 at Roth Capital

Roth Capital analyst Suji Desilva lowered the firm’s price target on Pixelworks (PXLW) to $10 from $12 and keeps a Buy rating on the shares. The company reported seasonal Q2 growth and guided for continued growth into the second half, the analyst tells investors in a research note. The firm expects home/enterprise to drive Pixelworks’ growth in the second half of the year with an incremental transcoding opportunity for the company, Roth added.