QuickLogic Co. (NASDAQ:QUIK – Get Free Report) 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.
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.
Check Out Our Latest Stock Report on QuickLogic
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.
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