Key Points
- Michael Farese sold 4,800 shares of QuickLogic on April 14 at an average price of $11.71 for about $56,208, reducing his stake by 13.58% to 30,540 shares; the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- QuickLogic recently reported an EPS miss (‑$0.17 vs. consensus ‑$0.11) with a negative net margin of 107.7% and $3.73M in revenue; the stock trades near a 1‑year high (~$11.79) with a market cap of ~$209M and a MarketBeat consensus rating of "Hold" (target $10.50).
- Several institutional investors have added or increased positions in QUIK recently (institutional ownership ~31.5%), including Tower Research, Jane Street and Dimensional Fund Advisors, despite mixed analyst coverage.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) Director Michael Farese sold 4,800 shares of QuickLogic stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $11.71, for a total transaction of $56,208.00. Following the completion of the sale, the director owned 30,540 shares of the company's stock, valued at approximately $357,623.40. This trade represents a 13.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
QuickLogic Stock Up 4.5%
QUIK stock opened at $11.79 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.14 and a quick ratio of 1.09. QuickLogic Corporation has a 1-year low of $4.34 and a 1-year high of $11.80. The firm has a fifty day moving average price of $8.77 and a two-hundred day moving average price of $7.49. The firm has a market cap of $208.92 million, a price-to-earnings ratio of -13.10 and a beta of 0.59.
QuickLogic (NASDAQ:QUIK - Get Free Report) last released its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). QuickLogic had a negative net margin of 107.70% and a negative return on equity of 47.54%. The business had revenue of $3.73 million for the quarter, compared to the consensus estimate of $3.50 million. Research analysts predict that QuickLogic Corporation will post -0.29 EPS for the current year.
Analyst Ratings Changes
Several analysts have weighed in on QUIK shares. Lake Street Capital started coverage on shares of QuickLogic in a research note on Monday, February 9th. They set a "buy" rating and a $10.00 target price for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of QuickLogic in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, QuickLogic has a consensus rating of "Hold" and a consensus target price of $10.50.
Check Out Our Latest Stock Report on QUIK
Hedge Funds Weigh In On QuickLogic
Several institutional investors have recently modified their holdings of QUIK. Tower Research Capital LLC TRC grew its position in shares of QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 4,902 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of QuickLogic during the third quarter worth about $71,000. Squarepoint Ops LLC bought a new position in shares of QuickLogic during the fourth quarter worth about $84,000. Jane Street Group LLC bought a new position in shares of QuickLogic during the first quarter worth about $87,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of QuickLogic during the fourth quarter worth about $102,000. Institutional investors own 31.54% of the company's stock.
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.
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