Key Points
- CFO Elias Nader sold 2,624 shares on February 12 at an average price of $7.08 for a total of $18,577.92, reducing his direct stake to 67,779 shares (a 3.73% decrease); the sale was disclosed in an SEC Form 4.
- Nader also executed earlier insider sales this season — 5,687 shares on December 8 at $6.30 and 10,813 shares on December 5 at $6.36 — indicating multiple recent dispositions.
- QuickLogic shares trade in the mid‑$6s (opened $6.84), the company has a $116.9M market cap and negative EPS, and MarketBeat shows a consensus rating of Hold with a $10.50 target.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) CFO Elias Nader sold 2,624 shares of QuickLogic stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $7.08, for a total value of $18,577.92. Following the sale, the chief financial officer directly owned 67,779 shares in the company, valued at $479,875.32. The trade was a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Elias Nader also recently made the following trade(s):
- On Monday, December 8th, Elias Nader sold 5,687 shares of QuickLogic stock. The shares were sold at an average price of $6.30, for a total value of $35,828.10.
- On Friday, December 5th, Elias Nader sold 10,813 shares of QuickLogic stock. The stock was sold at an average price of $6.36, for a total value of $68,770.68.
QuickLogic Trading Up 2.1%
Shares of QuickLogic stock opened at $6.84 on Friday. QuickLogic Corporation has a 52-week low of $4.26 and a 52-week high of $9.27. The firm has a market capitalization of $116.90 million, a PE ratio of -12.00 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. The company's fifty day moving average price is $7.07 and its two-hundred day moving average price is $6.46.
QuickLogic (NASDAQ:QUIK - Get Free Report) last issued its earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share 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 net margin of 58.26% and a negative return on equity of 33.71%. On average, analysts expect that QuickLogic Corporation will post -0.29 EPS for the current year.
Hedge Funds Weigh In On QuickLogic
A number of institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in shares of QuickLogic by 5.0% during the fourth quarter. State Street Corp now owns 65,056 shares of the semiconductor company's stock valued at $391,000 after purchasing an additional 3,100 shares during the last quarter. Jane Street Group LLC lifted its holdings in QuickLogic by 245.2% during the 4th quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company's stock worth $288,000 after buying an additional 34,029 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in QuickLogic in the 4th quarter valued at $102,000. Goldman Sachs Group Inc. increased its stake in shares of QuickLogic by 25.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 33,882 shares of the semiconductor company's stock valued at $204,000 after buying an additional 6,974 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of QuickLogic by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 169,902 shares of the semiconductor company's stock worth $1,021,000 after acquiring an additional 11,543 shares during the last quarter. 31.54% of the stock is owned by institutional investors.
Analyst Ratings Changes
QUIK has been the subject of a number of recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of QuickLogic in a report on Monday, December 29th. Lake Street Capital started coverage on shares of QuickLogic in a research report on Monday, February 9th. They set a "buy" rating and a $10.00 target price for the company. Finally, Northland Securities cut shares of QuickLogic from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 12th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.50.
View Our Latest Research Report on QuickLogic
About QuickLogic
(
Get Free Report)
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.
Further Reading
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