QuickLogic Corporation (NASDAQ:QUIK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

QuickLogic Corporation (NASDAQ:QUIK) has been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.8667.

QUIK has been the topic of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of QuickLogic in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of QuickLogic from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th.

QuickLogic Stock Up 11.3%

Shares of NASDAQ QUIK opened at $7.90 on Tuesday. The firm’s 50-day simple moving average is $6.09 and its 200 day simple moving average is $5.92. The company has a market cap of $129.80 million, a price-to-earnings ratio of -16.81 and a beta of 0.76. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.03. QuickLogic has a 12-month low of $4.26 and a 12-month high of $13.36.

Insider Activity

In other QuickLogic news, CFO Elias Nader sold 7,325 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $5.80, for a total transaction of $42,485.00. Following the transaction, the chief financial officer directly owned 82,006 shares in the company, valued at approximately $475,634.80. This represents a 8.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian C. Faith sold 14,956 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $5.80, for a total transaction of $86,744.80. Following the transaction, the chief executive officer owned 228,412 shares in the company, valued at approximately $1,324,789.60. The trade was a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 32,836 shares of company stock valued at $189,133. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in shares of QuickLogic by 94.2% in the 1st quarter. Deutsche Bank AG now owns 138,372 shares of the semiconductor company’s stock valued at $707,000 after acquiring an additional 67,110 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of QuickLogic in the 2nd quarter valued at about $66,000. Vident Advisory LLC bought a new stake in shares of QuickLogic in the 1st quarter valued at about $109,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of QuickLogic by 111.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 41,948 shares of the semiconductor company’s stock valued at $214,000 after acquiring an additional 22,083 shares during the last quarter. Finally, 1492 Capital Management LLC bought a new stake in shares of QuickLogic in the 1st quarter valued at about $784,000. 31.54% of the stock is currently owned by institutional investors and hedge funds.

About QuickLogic

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.