QuickLogic Co. (NASDAQ:QUIK - Get Free Report) CFO Elias Nader sold 8,711 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $7.39, for a total value of $64,374.29. Following the sale, the chief financial officer now directly owns 60,955 shares of the company's stock, valued at approximately $450,457.45. This represents a 12.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
QuickLogic Price Performance
Shares of NASDAQ QUIK opened at $7.60 on Tuesday. The stock has a fifty day moving average of $7.89 and a 200-day moving average of $9.18. The stock has a market cap of $111.80 million, a PE ratio of -76.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. QuickLogic Co. has a fifty-two week low of $6.75 and a fifty-two week high of $20.75.
QuickLogic (NASDAQ:QUIK - Get Free Report) last posted its earnings results on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $4.27 million during the quarter, compared to analysts' expectations of $4.20 million. QuickLogic had a negative return on equity of 7.30% and a negative net margin of 6.83%. During the same quarter in the prior year, the company earned $0.08 earnings per share. Equities research analysts anticipate that QuickLogic Co. will post -0.29 earnings per share for the current year.
Institutional Inflows and Outflows
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Several institutional investors have recently modified their holdings of QUIK. State Street Corp grew its position in QuickLogic by 15.6% in the third quarter. State Street Corp now owns 198,500 shares of the semiconductor company's stock worth $1,522,000 after acquiring an additional 26,774 shares in the last quarter. Raymond James & Associates boosted its stake in shares of QuickLogic by 83.1% during the second quarter. Raymond James & Associates now owns 129,292 shares of the semiconductor company's stock valued at $1,343,000 after purchasing an additional 58,668 shares during the period. Marshall Wace LLP grew its holdings in QuickLogic by 118.4% in the 2nd quarter. Marshall Wace LLP now owns 73,549 shares of the semiconductor company's stock worth $764,000 after acquiring an additional 39,878 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in QuickLogic by 142.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,061 shares of the semiconductor company's stock valued at $676,000 after purchasing an additional 38,273 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of QuickLogic by 194.3% during the second quarter. Squarepoint Ops LLC now owns 55,152 shares of the semiconductor company's stock valued at $573,000 after acquiring an additional 36,409 shares in the last quarter. 31.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Oppenheimer decreased their price objective on shares of QuickLogic from $16.00 to $13.00 and set an "outperform" rating for the company in a report on Wednesday, August 14th. StockNews.com upgraded shares of QuickLogic to a "sell" rating in a research note on Monday, December 2nd. Finally, Craig Hallum lowered their price target on shares of QuickLogic from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th.
Check Out Our Latest Stock Analysis on QUIK
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.
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