QuickLogic (NASDAQ:QUIK) CFO Sells $18,577.92 in Stock

QuickLogic Corporation (NASDAQ:QUIK) CFO Elias Nader sold 2,624 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $7.08, for a total transaction of $18,577.92. Following the transaction, the chief financial officer directly owned 67,779 shares of the company’s stock, valued at $479,875.32. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Elias Nader also recently made the following trade(s):

• On Monday, December 8th, Elias Nader sold 5,687 shares of QuickLogic stock. The stock was sold at an average price of $6.30, for a total value of $35,828.10.
• On Friday, December 5th, Elias Nader sold 10,813 shares of QuickLogic stock. The shares were sold at an average price of $6.36, for a total value of $68,770.68.

QuickLogic Price Performance

Shares of QUIK stock traded up $0.14 on Friday, reaching $6.84. The company’s stock had a trading volume of 39,066 shares, compared to its average volume of 155,139. The stock’s fifty day simple moving average is $7.06 and its 200-day simple moving average is $6.46. QuickLogic Corporation has a 1 year low of $4.26 and a 1 year high of $9.27. The company has a market capitalization of $116.90 million, a price-to-earnings ratio of -12.00 and a beta of 0.80. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02.

QuickLogic (NASDAQ:QUIK) last released its quarterly earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. QuickLogic had a negative net margin of 58.26% and a negative return on equity of 33.71%. The company had revenue of $2.03 million for the quarter, compared to the consensus estimate of $2.05 million. Analysts forecast that QuickLogic Corporation will post -0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QUIK. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a research report on Monday, December 29th. Northland Securities cut QuickLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 12th. Finally, Lake Street Capital began coverage on QuickLogic in a research report on Monday. They set a “buy” rating and a $10.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc boosted its position in QuickLogic by 8.9% in the 3rd quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 1,400 shares during the period. Perkins Capital Management Inc. boosted its holdings in shares of QuickLogic by 1.0% in the third quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock valued at $1,242,000 after purchasing an additional 2,000 shares during the period. State Street Corp boosted its holdings in shares of QuickLogic by 5.0% in the fourth quarter. State Street Corp now owns 65,056 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 3,100 shares during the period. Tower Research Capital LLC TRC grew its stake in QuickLogic by 246.5% in the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 4,902 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake 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 purchasing an additional 5,721 shares in the last quarter. Hedge funds and other institutional investors own 31.54% of the company’s stock.

QuickLogic Company Profile

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.