Key Points
- Director Michael Farese sold 1,813 shares of QuickLogic on March 17 at an average price of $9.91, trimming his position by 4.41% to 39,340 shares valued at roughly $389,859, according to an SEC filing.
- QuickLogic shares traded down 1.7% to $9.32 amid light volume; the company has a market cap of about $159.2M and reported quarterly EPS of ($0.17) that missed estimates, alongside a negative net margin and return on equity.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) Director Michael Farese sold 1,813 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $9.91, for a total value of $17,966.83. Following the completion of the transaction, the director directly owned 39,340 shares of the company's stock, valued at approximately $389,859.40. The trade was a 4.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
QuickLogic Trading Down 1.7%
Shares of QUIK stock traded down $0.16 during mid-day trading on Friday, reaching $9.32. 5,904 shares of the stock traded hands, compared to its average volume of 191,818. The stock's fifty day simple moving average is $8.06 and its two-hundred day simple moving average is $6.90. QuickLogic Corporation has a 1-year low of $4.26 and a 1-year high of $10.14. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.02. The company has a market cap of $159.21 million, a price-to-earnings ratio of -10.27 and a beta of 0.60.
QuickLogic (NASDAQ:QUIK - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). QuickLogic had a negative net margin of 107.70% and a negative return on equity of 45.83%. The business had revenue of $3.73 million during the quarter, compared to the consensus estimate of $3.50 million. On average, research analysts anticipate that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.
Institutional Investors Weigh In On QuickLogic
Several large investors have recently added to or reduced their stakes in QUIK. XTX Topco Ltd acquired a new position in QuickLogic in the fourth quarter valued at approximately $166,000. Captrust Financial Advisors grew its position in shares of QuickLogic by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 35,618 shares of the semiconductor company's stock worth $214,000 after buying an additional 1,547 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of QuickLogic during the 4th quarter worth approximately $84,000. State Street Corp increased its stake in shares of QuickLogic by 5.0% in the 4th quarter. State Street Corp now owns 65,056 shares of the semiconductor company's stock valued at $391,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of QuickLogic by 245.2% during the 4th quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company's stock valued at $288,000 after acquiring an additional 34,029 shares during the period. Institutional investors and hedge funds own 31.54% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on QUIK shares. Lake Street Capital started coverage on QuickLogic in a research report on Monday, February 9th. They set a "buy" rating and a $10.00 target price for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of QuickLogic in a research note on Monday, December 29th. Two 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.50.
View Our Latest Report on QUIK
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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