QuickLogic (NASDAQ:QUIK) Upgraded at StockNews.com

StockNews.com upgraded shares of QuickLogic (NASDAQ:QUIKFree Report) from a sell rating to a hold rating in a research report released on Saturday morning.

Other equities research analysts also recently issued reports about the company. Oppenheimer lifted their price objective on QuickLogic from $10.00 to $12.00 and gave the company an outperform rating in a report on Wednesday, November 15th. Craig Hallum upped their target price on shares of QuickLogic from $11.00 to $13.00 and gave the company a buy rating in a research report on Wednesday, November 15th.

Check Out Our Latest Analysis on QUIK

QuickLogic Stock Up 1.8 %

QUIK opened at $11.61 on Friday. The firm has a market cap of $161.50 million, a PE ratio of -43.00 and a beta of 1.56. The business has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $10.40. QuickLogic has a fifty-two week low of $5.02 and a fifty-two week high of $15.89.

QuickLogic (NASDAQ:QUIKGet Free Report) last released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. QuickLogic had a negative return on equity of 27.32% and a negative net margin of 19.87%. The firm had revenue of $6.67 million during the quarter, compared to analysts’ expectations of $6.50 million. On average, equities research analysts anticipate that QuickLogic will post -0.09 EPS for the current fiscal year.

Insider Transactions at QuickLogic

In related news, VP Timothy Saxe sold 7,637 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $11.61, for a total value of $88,665.57. Following the completion of the sale, the vice president now directly owns 129,762 shares in the company, valued at approximately $1,506,536.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Elias Nader sold 6,116 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $11.60, for a total transaction of $70,945.60. Following the transaction, the chief financial officer now directly owns 25,140 shares of the company’s stock, valued at $291,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy Saxe sold 7,637 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $11.61, for a total transaction of $88,665.57. Following the sale, the vice president now owns 129,762 shares in the company, valued at approximately $1,506,536.82. The disclosure for this sale can be found here. Insiders sold a total of 29,799 shares of company stock worth $345,745 in the last three months. Insiders own 2.49% of the company’s stock.

Institutional Trading of QuickLogic

Several large investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its holdings in shares of QuickLogic by 5.3% during the first quarter. Advisor Group Holdings Inc. now owns 39,506 shares of the semiconductor company’s stock worth $216,000 after purchasing an additional 1,993 shares during the period. UBS Group AG increased its stake in QuickLogic by 7.9% in the third quarter. UBS Group AG now owns 37,474 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 2,738 shares in the last quarter. State Street Corp increased its stake in QuickLogic by 10.4% in the first quarter. State Street Corp now owns 31,681 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 2,973 shares in the last quarter. Acadian Asset Management LLC bought a new stake in QuickLogic in the third quarter valued at $26,000. Finally, Raymond James & Associates increased its stake in QuickLogic by 7.9% in the fourth quarter. Raymond James & Associates now owns 42,181 shares of the semiconductor company’s stock valued at $585,000 after purchasing an additional 3,091 shares in the last quarter. Institutional investors and hedge funds own 22.46% of the company’s stock.

QuickLogic Company Profile

(Get Free Report)

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions.

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