QuickLogic (NASDAQ:QUIK) Share Price Crosses Above 200 Day Moving Average – What’s Next?

QuickLogic Corporation (NASDAQ:QUIK)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.51 and traded as high as $8.20. QuickLogic shares last traded at $8.11, with a volume of 150,298 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QUIK. Weiss Ratings reissued a “sell (d-)” rating on shares of QuickLogic in a research note on Monday, December 29th. Northland Securities lowered shares of QuickLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 12th. Finally, Lake Street Capital assumed coverage on shares of QuickLogic in a research report on Monday, February 9th. They issued a “buy” rating and a $10.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.50.

QuickLogic Stock Performance

The firm’s fifty day moving average is $7.21 and its 200 day moving average is $6.52. The firm has a market capitalization of $138.60 million, a price-to-earnings ratio of -14.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.18 and a quick ratio of 1.14.

Insider Activity at QuickLogic

In other news, CFO Elias Nader sold 10,813 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $6.36, for a total value of $68,770.68. Following the transaction, the chief financial officer directly owned 71,193 shares of the company’s stock, valued at approximately $452,787.48. This represents a 13.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 20,124 shares of company stock worth $129,157. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Prospera Financial Services Inc grew its stake in shares of QuickLogic by 8.9% in the 3rd quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 1,400 shares in the last quarter. Captrust Financial Advisors lifted its stake in QuickLogic by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 35,618 shares of the semiconductor company’s stock valued at $214,000 after acquiring an additional 1,547 shares during the last quarter. Perkins Capital Management Inc. grew its position in QuickLogic by 1.0% in the third quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock worth $1,242,000 after acquiring an additional 2,000 shares in the last quarter. State Street Corp increased its stake in shares of QuickLogic by 5.0% during the 4th quarter. State Street Corp now owns 65,056 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of QuickLogic by 246.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 4,902 shares in the last quarter. 31.54% of the stock is owned by institutional investors and hedge funds.

QuickLogic Company Profile

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.