Needham & Company LLC Reaffirms Buy Rating for QuickLogic (NASDAQ:QUIK)

QuickLogic (NASDAQ:QUIK)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a report issued on Monday, Benzinga reports. They presently have a $20.00 target price on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 88.68% from the stock’s current price.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.00.

QuickLogic Trading Down 1.1%

Shares of NASDAQ QUIK traded down $0.12 during trading hours on Monday, reaching $10.60. The stock had a trading volume of 155,768 shares, compared to its average volume of 348,950. QuickLogic has a 52-week low of $5.28 and a 52-week high of $24.33. The firm has a market cap of $194.17 million, a price-to-earnings ratio of -13.79 and a beta of 1.20. The business’s fifty day moving average price is $12.19 and its two-hundred day moving average price is $14.28. The company has a current ratio of 2.15, a quick ratio of 2.06 and a debt-to-equity ratio of 0.03.

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

Insider Transactions at QuickLogic

In other QuickLogic news, CEO Brian C. Faith sold 25,292 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $10.80, for a total value of $273,153.60. Following the completion of the transaction, the chief executive officer directly owned 255,791 shares in the company, valued at approximately $2,762,542.80. The trade was a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy Saxe sold 15,190 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $10.80, for a total transaction of $164,052.00. Following the sale, the vice president directly owned 143,976 shares of the company’s stock, valued at approximately $1,554,940.80. The trade was a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 90,044 shares of company stock valued at $950,748. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On QuickLogic

A number of hedge funds and other institutional investors have recently bought and sold shares of QUIK. Bank of New York Mellon Corp purchased a new stake in shares of QuickLogic during the 2nd quarter valued at $754,000. Bank of America Corp DE grew its stake in QuickLogic by 382.8% during the 1st quarter. Bank of America Corp DE now owns 28,771 shares of the semiconductor company’s stock worth $270,000 after buying an additional 22,812 shares during the last quarter. Royal Bank of Canada increased its position in QuickLogic by 14,694.5% during the 1st quarter. Royal Bank of Canada now owns 348,115 shares of the semiconductor company’s stock valued at $3,266,000 after buying an additional 345,762 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in QuickLogic in the first quarter valued at about $151,000. Finally, Themes Management Co LLC purchased a new stake in QuickLogic in the first quarter valued at about $1,309,000. Hedge funds and other institutional investors own 31.54% of the company’s stock.

QuickLogic News Summary

Here are the key news stories impacting QuickLogic this week:

• Positive Sentiment: Needham analyst Neil Young reiterated a Buy rating and maintained a $20 price target, citing a solid 2026 outlook despite the leadership transition. The target is substantially above QuickLogic’s recent trading level, providing a potential catalyst for investor optimism. Analyst rating article
• Positive Sentiment: QuickLogic reaffirmed its third-quarter outlook and provided fiscal 2026 revenue guidance of $23.4 million to $24.8 million. The midpoint is slightly above the roughly $23.9 million analyst consensus, suggesting management remains confident in demand and execution. QuickLogic CFO transition announcement
• Neutral Sentiment: James Sullivan will become QuickLogic’s senior vice president of finance and chief financial officer effective October 5, succeeding Elias Nader. The company did not indicate a change to its operating outlook, but investors may monitor the transition for any effect on financial reporting and execution. Executive changes article
• Neutral Sentiment: QuickLogic has attracted increased attention from Zacks users, which may boost short-term trading interest but does not represent a change in the company’s fundamentals. Zacks QuickLogic coverage
• Negative Sentiment: Vice President Elias Nader reportedly sold approximately $105,816 of QuickLogic stock. Although insider sales can be routine, the transaction may add selling pressure and investor caution during the CFO transition. Insider selling article

About QuickLogic

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops customizable, low-power semiconductor solutions and intellectual property for consumer, industrial, communications, and other electronic devices. Its technologies are designed to help manufacturers add processing, connectivity, display, and sensor capabilities while reducing development time and power consumption.

The company’s offerings include embedded FPGA (eFPGA) intellectual property, which allows programmable logic to be integrated directly into a system-on-chip, as well as customer-specific standard products and related semiconductor solutions.