QuickLogic (NASDAQ:QUIK) Stock Passes Above 200-Day Moving Average – Time to Sell?

QuickLogic Corporation (NASDAQ:QUIK) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.61 and traded as high as $21.85. QuickLogic shares last traded at $19.93, with a volume of 591,924 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Needham & Company LLC began coverage on QuickLogic in a research report on Wednesday, May 20th. They set a “buy” rating and a $22.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a research note on Friday, March 27th. Wall Street Zen upgraded shares of QuickLogic from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Lake Street Capital reissued a “buy” rating and issued a $22.00 price target (up from $11.00) on shares of QuickLogic in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.00.

QuickLogic Price Performance

The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $335.61 million, a PE ratio of -20.69 and a beta of 1.18. The business has a fifty day moving average price of $18.58 and a 200-day moving average price of $11.69.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $5.05 million for the quarter, compared to analysts’ expectations of $5.51 million. QuickLogic had a negative net margin of 102.41% and a negative return on equity of 48.97%. Research analysts expect that QuickLogic Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at QuickLogic

In related news, Director Joyce Kim sold 5,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $20.00, for a total transaction of $110,000.00. Following the transaction, the director owned 2,140 shares of the company’s stock, valued at approximately $42,800. This trade represents a 71.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary H. Tauss sold 2,195 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $19.20, for a total transaction of $42,144.00. Following the completion of the sale, the director directly owned 15,908 shares of the company’s stock, valued at $305,433.60. This represents a 12.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,975 shares of company stock worth $1,097,858 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On QuickLogic

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in QuickLogic by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company’s stock worth $3,975,000 after acquiring an additional 28,587 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of QuickLogic by 14,694.5% during the first quarter. Royal Bank of Canada now owns 348,115 shares of the semiconductor company’s stock valued at $3,266,000 after purchasing an additional 345,762 shares during the period. Perkins Capital Management Inc. boosted its stake in shares of QuickLogic by 11.2% during the first quarter. Perkins Capital Management Inc. now owns 306,706 shares of the semiconductor company’s stock valued at $2,877,000 after purchasing an additional 31,000 shares during the period. Raymond James Financial Inc. grew its holdings in shares of QuickLogic by 2.8% in the second quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock worth $1,295,000 after purchasing an additional 5,721 shares during the last quarter. Finally, Cadent Capital Advisors LLC purchased a new position in shares of QuickLogic in the fourth quarter worth $1,036,000. 31.54% of the stock is currently owned by hedge funds and other 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.