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Fly News Breaks for May 19, 2017
May 19, 2017 | 08:14 EDT
Roth Capital analyst Brian Alger said he believes the true value of Pixelworks' agreement to buy ViXS Systems, which specializes in UHD video processing, is in the scale the additional R&D resources bring. Alger raised his price target on Pixelworks to $6.50, from $5.50 given the upside potential that ViXS brings to the organic business and keeps a Buy rating on the shares.
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