Elias Nader Sells 4,458 Shares of QuickLogic Co. (NASDAQ:QUIK) Stock

QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader sold 4,458 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $7.42, for a total transaction of $33,078.36. Following the completion of the sale, the chief financial officer now directly owns 52,740 shares in the company, valued at $391,330.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Elias Nader also recently made the following trade(s):

• On Wednesday, August 14th, Elias Nader sold 1,878 shares of QuickLogic stock. The stock was sold at an average price of $8.05, for a total value of $15,117.90.

QuickLogic Stock Performance

QuickLogic stock opened at $7.07 on Friday. The stock has a fifty day moving average price of $9.77 and a 200 day moving average price of $12.26. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.01. QuickLogic Co. has a 52 week low of $7.05 and a 52 week high of $20.75. The firm has a market capitalization of $102.30 million, a P/E ratio of 117.83 and a beta of 1.56.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). QuickLogic had a net margin of 7.38% and a return on equity of 9.56%. The company had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.50 million. During the same period in the prior year, the company earned ($0.17) EPS. Equities research analysts anticipate that QuickLogic Co. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On QuickLogic

Large investors have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in QuickLogic during the fourth quarter valued at approximately $203,000. Gladstone Institutional Advisory LLC boosted its position in QuickLogic by 13.8% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 12,943 shares of the semiconductor company’s stock worth $179,000 after purchasing an additional 1,565 shares during the period. Quadrature Capital Ltd increased its holdings in QuickLogic by 188.9% in the 4th quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company’s stock valued at $515,000 after purchasing an additional 24,347 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in QuickLogic in the first quarter valued at about $436,000. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of QuickLogic during the first quarter worth about $202,000. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Craig Hallum dropped their price objective on QuickLogic from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Oppenheimer cut their price objective on shares of QuickLogic from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, StockNews.com lowered shares of QuickLogic from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th.

QuickLogic Company Profile

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.