Key Points
- Director Michael Farese sold 4,000 shares on April 6 at an average price of $10.31 under a pre‑arranged Rule 10b5‑1 plan, cutting his stake by 10.17% to 35,340 shares (≈$364,355).
- QuickLogic reported quarterly EPS of ($0.17), missing the ($0.11) consensus while revenue of $3.73M slightly beat estimates, and the company shows negative ROE and net margin.
- The stock trades near its 52‑week high ($10.36) with a market cap of about $176M, a consensus analyst rating of Hold and an average price target of $10.50.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) Director Michael Farese sold 4,000 shares of the company's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $10.31, for a total transaction of $41,240.00. Following the sale, the director directly owned 35,340 shares of the company's stock, valued at approximately $364,355.40. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
QuickLogic Stock Up 0.4%
NASDAQ QUIK opened at $9.94 on Wednesday. The stock has a market cap of $176.14 million, a PE ratio of -11.04 and a beta of 0.59. QuickLogic Corporation has a fifty-two week low of $4.32 and a fifty-two week high of $10.36. The business has a 50 day moving average price of $8.43 and a two-hundred day moving average price of $7.31. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.04.
QuickLogic (NASDAQ:QUIK - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). The company had revenue of $3.73 million during the quarter, compared to analysts' expectations of $3.50 million. QuickLogic had a negative return on equity of 47.54% and a negative net margin of 107.70%. As a group, sell-side analysts predict that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.
Hedge Funds Weigh In On QuickLogic
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in QuickLogic by 4.6% during the third quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company's stock worth $3,975,000 after purchasing an additional 28,587 shares during the last quarter. Perkins Capital Management Inc. lifted its holdings in QuickLogic by 34.5% in the fourth quarter. Perkins Capital Management Inc. now owns 275,706 shares of the semiconductor company's stock worth $1,657,000 after acquiring an additional 70,750 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in QuickLogic by 2.8% in the second quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company's stock worth $1,295,000 after acquiring an additional 5,721 shares during the last quarter. Cadent Capital Advisors LLC bought a new position in QuickLogic in the fourth quarter worth about $1,036,000. Finally, Geode Capital Management LLC lifted its holdings in QuickLogic by 7.3% in 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 currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of QuickLogic in a research report on Friday, March 27th. Lake Street Capital assumed coverage on shares of QuickLogic in a research report on Monday, February 9th. They issued a "buy" rating and a $10.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $10.50.
Check Out 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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