QuickLogic (NASDAQ:QUIK) CEO Sells 25,292 Shares

QuickLogic Corporation (NASDAQ:QUIK) CEO Brian Faith sold 25,292 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $10.80, for a total value of $273,153.60. Following the sale, the chief executive officer owned 255,791 shares of the company’s stock, valued at approximately $2,762,542.80. The trade was a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

QuickLogic Price Performance

QuickLogic stock traded down $0.49 during trading hours on Monday, reaching $10.33. 264,379 shares of the stock were exchanged, compared to its average volume of 351,843. The company has a current ratio of 2.15, a quick ratio of 2.06 and a debt-to-equity ratio of 0.03. The company has a market cap of $189.25 million, a P/E ratio of -13.42 and a beta of 1.20. The stock has a 50 day moving average of $12.74 and a two-hundred day moving average of $14.20. QuickLogic Corporation has a twelve month low of $5.28 and a twelve month high of $24.33.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $5.48 million during the quarter, compared to the consensus estimate of $6.00 million. QuickLogic had a negative net margin of 80.18% and a negative return on equity of 45.22%. Equities analysts expect that QuickLogic Corporation will post -0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on QUIK. Needham & Company LLC lowered their price target on shares of QuickLogic from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, QuickLogic currently has a consensus rating of “Hold” and an average target price of $21.00.

Institutional Investors Weigh In On QuickLogic

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System bought a new position in shares of QuickLogic during the second quarter valued at $91,000. Cetera Investment Advisers bought a new stake in shares of QuickLogic in the first quarter worth $111,000. SEB Asset Management AB acquired a new stake in QuickLogic in the first quarter valued at $129,000. OMERS ADMINISTRATION Corp acquired a new stake in QuickLogic in the first quarter valued at $151,000. Finally, Maridea Wealth Management LLC bought a new position in QuickLogic during the 1st quarter worth $161,000. 31.54% of the stock is owned by institutional investors.

About QuickLogic

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.