Key Points
- QuickLogic CFO Elias Nader sold 12,152 shares at an average price of $10.80, generating $131,241.60 and reducing his ownership by 12.87% to 82,255 shares.
- QuickLogic reported weaker-than-expected quarterly results, with an adjusted loss of $0.06 per share versus the $0.04 consensus estimate and revenue of $5.48 million versus expectations of $6.00 million.
- Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and a consensus price target of $21.00; Needham lowered its target from $22 to $20 while maintaining a Buy rating.
QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) CFO Elias Nader sold 12,152 shares of QuickLogic stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $10.80, for a total value of $131,241.60. Following the sale, the chief financial officer owned 82,255 shares in the company, valued at $888,354. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
QuickLogic Price Performance
Shares of NASDAQ:QUIK opened at $10.33 on Tuesday. The company has a market capitalization of $189.25 million, a P/E ratio of -13.42 and a beta of 1.20. The company's 50-day moving average is $12.62 and its 200 day moving average is $14.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.06 and a current ratio of 2.15. QuickLogic Corporation has a fifty-two week low of $5.28 and a fifty-two week high of $24.33.
QuickLogic (NASDAQ:QUIK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The company had revenue of $5.48 million for the quarter, compared to analysts' expectations of $6.00 million. QuickLogic had a negative return on equity of 45.22% and a negative net margin of 80.18%. On average, equities research analysts forecast that QuickLogic Corporation will post -0.26 earnings per share for the current year.
Institutional Trading of QuickLogic
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in QuickLogic during the second quarter valued at approximately $91,000. Cetera Investment Advisers bought a new stake in shares of QuickLogic in the 1st quarter worth approximately $111,000. SEB Asset Management AB purchased a new stake in shares of QuickLogic in the 1st quarter valued at $129,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of QuickLogic in the 1st quarter valued at $151,000. Finally, Maridea Wealth Management LLC bought a new position in shares of QuickLogic during the 1st quarter valued at $161,000. Institutional investors own 31.54% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on QUIK. Needham & Company LLC reduced their target price on shares of QuickLogic from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Weiss Ratings restated a "sell (d-)" rating on shares of QuickLogic in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, QuickLogic presently has an average rating of "Hold" and a consensus target price of $21.00.
Read Our Latest Stock Analysis on QuickLogic
QuickLogic Company Profile
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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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