Key Points
- Michael Farese, a QuickLogic director, sold 2,328 shares on March 4 at an average price of $9.41 for about $21,906, reducing his stake by 5.15% to 42,882 shares; the transaction was disclosed in an SEC Form 4.
- The stock traded up 3.4% to $9.08 and sits near its 52‑week high ($9.59) with a market cap of $155.2M; QuickLogic reported quarterly EPS of ($0.17), missing estimates, while revenue of $3.73M slightly beat expectations and the company shows negative margins and ROE.
- Analyst sentiment is mixed — the average rating is "Hold" with a $10.50 average price target (Lake Street initiated a Buy at $10, Weiss Ratings maintains a Sell), and institutional investors own about 31.5% of the shares.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) Director Michael Farese sold 2,328 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $9.41, for a total value of $21,906.48. Following the completion of the sale, the director owned 42,882 shares of the company's stock, valued at $403,519.62. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
QuickLogic Stock Up 3.4%
Shares of NASDAQ:QUIK traded up $0.30 during trading on Friday, hitting $9.08. 88,626 shares of the company's stock traded hands, compared to its average volume of 181,948. QuickLogic Corporation has a 52 week low of $4.26 and a 52 week high of $9.59. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market cap of $155.18 million, a price-to-earnings ratio of -10.09 and a beta of 0.60. The company has a 50-day moving average price of $7.56 and a 200-day moving average price of $6.66.
QuickLogic (NASDAQ:QUIK - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $3.73 million for the quarter, compared to analyst estimates of $3.50 million. QuickLogic had a negative return on equity of 45.83% and a negative net margin of 107.70%. As a group, research analysts forecast that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.
Institutional Trading of QuickLogic
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake 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 worth $42,000 after purchasing an additional 4,902 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in QuickLogic during the third quarter worth about $71,000. Squarepoint Ops LLC bought a new position in QuickLogic during the fourth quarter worth about $84,000. Jane Street Group LLC acquired a new position in QuickLogic during the first quarter worth approximately $87,000. Finally, Prospera Financial Services Inc bought a new stake in QuickLogic in the second quarter valued at approximately $96,000. Institutional investors and hedge funds own 31.54% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on QUIK. Weiss Ratings reiterated a "sell (d-)" rating on shares of QuickLogic in a report on Monday, December 29th. Lake Street Capital began coverage on shares of QuickLogic in a research note on Monday, February 9th. They issued a "buy" rating and a $10.00 price target on the stock. Finally, Northland Securities cut shares of QuickLogic from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.50.
Read Our Latest Analysis on QuickLogic
QuickLogic Company Profile
(
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.
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