QuickLogic Corporation (NASDAQ:QUIK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of QuickLogic Corporation (NASDAQ:QUIK) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.8667.

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of QuickLogic from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of QuickLogic in a research report on Wednesday, October 8th.

QuickLogic Price Performance

Shares of NASDAQ QUIK opened at $7.58 on Tuesday. QuickLogic has a 1-year low of $4.26 and a 1-year high of $13.36. The company has a fifty day moving average price of $6.13 and a 200 day moving average price of $5.95. The firm has a market cap of $124.52 million, a PE ratio of -16.13 and a beta of 0.76. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03.

Insider Activity at QuickLogic

In related news, CEO Brian C. Faith sold 14,956 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $5.80, for a total value of $86,744.80. Following the completion of the transaction, the chief executive officer owned 228,412 shares of the company’s stock, valued at approximately $1,324,789.60. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elias Nader sold 7,325 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $5.80, for a total transaction of $42,485.00. Following the completion of the transaction, the chief financial officer directly owned 82,006 shares of the company’s stock, valued at approximately $475,634.80. This trade represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 32,836 shares of company stock valued at $189,133. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On QuickLogic

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. raised its holdings in shares of QuickLogic by 2.8% in the 2nd quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock valued at $1,295,000 after purchasing an additional 5,721 shares during the period. Perkins Capital Management Inc. raised its holdings in shares of QuickLogic by 1.0% in the 3rd quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock valued at $1,242,000 after purchasing an additional 2,000 shares during the period. 1492 Capital Management LLC bought a new stake in shares of QuickLogic in the 1st quarter valued at about $784,000. Deutsche Bank AG raised its holdings in shares of QuickLogic by 94.2% in the 1st quarter. Deutsche Bank AG now owns 138,372 shares of the semiconductor company’s stock valued at $707,000 after purchasing an additional 67,110 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in shares of QuickLogic by 40.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 99,576 shares of the semiconductor company’s stock valued at $613,000 after purchasing an additional 28,751 shares during the period. 31.54% of the stock is owned by institutional investors.

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.