Key Points
- Director Michael Farese sold 1,729 shares at an average price of $9.61 on March 10 for about $16,616, trimming his holding by 4.03% to 41,153 shares; the transaction was filed on an SEC Form 4.
- QuickLogic shares traded near $8.99 (52‑week range $4.26–$9.81) with a market cap of roughly $153.7M, and the company reported a quarterly EPS of -$0.17, missing consensus and showing negative margins and ROE.
- Analysts are mixed — the consensus rating is "Hold" with an average target of $10.50 (Buy and Sell calls exist) — and institutional investors own about 31.5% after several funds added small positions.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) Director Michael Farese sold 1,729 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $9.61, for a total transaction of $16,615.69. Following the transaction, the director owned 41,153 shares in the company, valued at $395,480.33. This represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
QuickLogic Stock Up 0.9%
QuickLogic stock traded up $0.08 during mid-day trading on Friday, reaching $8.99. The stock had a trading volume of 229,687 shares, compared to its average volume of 190,584. The firm has a market capitalization of $153.69 million, a PE ratio of -9.96 and a beta of 0.60. QuickLogic Corporation has a fifty-two week low of $4.26 and a fifty-two week high of $9.81. The stock's 50-day simple moving average is $7.84 and its 200-day simple moving average is $6.77. 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 (NASDAQ:QUIK - Get Free Report) last posted 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 business had revenue of $3.73 million for the quarter, compared to the consensus estimate of $3.50 million. QuickLogic had a negative return on equity of 45.83% and a negative net margin of 107.70%. On average, sell-side analysts forecast that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on QUIK. Weiss Ratings reiterated a "sell (d-)" rating on shares of QuickLogic in a research note on Monday, December 29th. Lake Street Capital initiated coverage on QuickLogic in a report on Monday, February 9th. They set a "buy" rating and a $10.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.50.
Check Out Our Latest Stock Analysis on QuickLogic
Institutional Trading of QuickLogic
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in QuickLogic by 246.5% in 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 during the period. Stratos Wealth Advisors LLC bought a new stake in QuickLogic during the third quarter valued at $71,000. Squarepoint Ops LLC purchased a new position in QuickLogic during the fourth quarter worth about $84,000. Prospera Financial Services Inc bought a new position in QuickLogic in the 2nd quarter worth about $96,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of QuickLogic in the 4th quarter valued at about $102,000. 31.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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