Key Points
- QuickLogic CFO Elias Nader sold 5,687 shares on Dec. 8 at $6.30 for $35,828, leaving him with 65,506 shares — a 7.99% reduction in his ownership; he also sold 10,813 shares on Dec. 5 and 7,325 on Sept. 19.
- The stock trades around $6.37 with a market cap of about $109 million, a one‑year range of $4.26–$13.36, and QuickLogic reported a slight EPS beat (-$0.19 vs. -$0.21) but remains unprofitable with negative margins.
- Analysts have a consensus rating of Hold with an average price target of $11.30, and institutional ownership is ~31.5% after recent stakes bought by firms including Two Sigma and Vanguard.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) CFO Elias Nader sold 5,687 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $6.30, for a total value of $35,828.10. Following the completion of the transaction, the chief financial officer directly owned 65,506 shares in the company, valued at $412,687.80. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Elias Nader also recently made the following trade(s):
- On Friday, December 5th, Elias Nader sold 10,813 shares of QuickLogic stock. The shares were sold at an average price of $6.36, for a total transaction of $68,770.68.
- On Friday, September 19th, Elias Nader sold 7,325 shares of QuickLogic stock. The stock was sold at an average price of $5.80, for a total value of $42,485.00.
QuickLogic Trading Up 1.8%
Shares of QUIK opened at $6.37 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.18. QuickLogic Corporation has a one year low of $4.26 and a one year high of $13.36. The stock has a 50-day moving average price of $6.53 and a 200 day moving average price of $6.10. The company has a market capitalization of $108.86 million, a P/E ratio of -11.18 and a beta of 0.85.
QuickLogic (NASDAQ:QUIK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.02. The business had revenue of $2.03 million for the quarter, compared to analyst estimates of $2.05 million. QuickLogic had a negative return on equity of 33.71% and a negative net margin of 58.26%. Sell-side analysts forecast that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.
Institutional Trading of QuickLogic
Institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new stake in QuickLogic during the third quarter worth approximately $406,000. Vanguard Group Inc. raised its stake in shares of QuickLogic by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company's stock worth $3,975,000 after buying an additional 28,587 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of QuickLogic in the third quarter valued at $71,000. Prospera Financial Services Inc boosted its stake in QuickLogic by 8.9% during the third 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. Finally, Perkins Capital Management Inc. grew its holdings in QuickLogic by 1.0% during 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 during the period. 31.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Wall Street Zen downgraded QuickLogic from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Weiss Ratings restated a "sell (e+)" rating on shares of QuickLogic in a research report on Monday, December 1st. Northland Capmk downgraded QuickLogic from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 12th. Finally, Northland Securities cut QuickLogic from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, QuickLogic currently has a consensus rating of "Hold" and an average price target of $11.30.
Read Our Latest Research Report on QUIK
About QuickLogic
(
Get Free Report)
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.
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