QuickLogic Co. (NASDAQ:QUIK) VP Timothy Saxe Sells 10,000 Shares

QuickLogic Co. (NASDAQ:QUIKGet Free Report) VP Timothy Saxe sold 10,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.76, for a total transaction of $117,600.00. Following the sale, the vice president now directly owns 114,934 shares in the company, valued at approximately $1,351,623.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Timothy Saxe also recently made the following trade(s):

  • On Tuesday, April 2nd, Timothy Saxe sold 1,974 shares of QuickLogic stock. The shares were sold at an average price of $15.54, for a total transaction of $30,675.96.
  • On Thursday, March 21st, Timothy Saxe sold 10,000 shares of QuickLogic stock. The shares were sold at an average price of $16.33, for a total value of $163,300.00.

QuickLogic Stock Performance

Shares of QUIK opened at $11.90 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.24. The stock has a 50-day moving average of $14.10 and a two-hundred day moving average of $13.37. The stock has a market cap of $171.60 million, a P/E ratio of 198.33 and a beta of 1.61. QuickLogic Co. has a one year low of $5.60 and a one year high of $20.75.

QuickLogic (NASDAQ:QUIKGet Free Report) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. QuickLogic had a return on equity of 6.57% and a net margin of 4.65%. The firm had revenue of $7.48 million for the quarter, compared to analyst estimates of $7.40 million. As a group, research analysts predict that QuickLogic Co. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

QUIK has been the topic of several recent analyst reports. TheStreet raised shares of QuickLogic from a “d” rating to a “c” rating in a research note on Thursday, February 29th. Oppenheimer reaffirmed an “outperform” rating and set a $16.00 target price (up previously from $12.00) on shares of QuickLogic in a research report on Wednesday, February 28th. Finally, StockNews.com raised QuickLogic from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd.

Read Our Latest Report on QuickLogic

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raymond James & Associates purchased a new position in shares of QuickLogic during the 3rd quarter valued at approximately $336,000. Acadian Asset Management LLC purchased a new stake in shares of QuickLogic during the 3rd quarter worth about $26,000. EAM Investors LLC grew its position in shares of QuickLogic by 17.0% during the 3rd quarter. EAM Investors LLC now owns 167,485 shares of the semiconductor company’s stock valued at $1,440,000 after acquiring an additional 24,316 shares during the period. Quadrature Capital Ltd purchased a new position in shares of QuickLogic in the 3rd quarter valued at about $111,000. Finally, Silverberg Bernstein Capital Management LLC acquired a new position in QuickLogic in the 4th quarter worth about $219,000. 31.54% of the stock is owned by institutional investors and hedge funds.

QuickLogic Company Profile

(Get Free Report)

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.

See Also

Insider Buying and Selling by Quarter for QuickLogic (NASDAQ:QUIK)

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