QuickLogic (NASDAQ:QUIK) Director Sells $42,144.00 in Stock

QuickLogic Corporation (NASDAQ:QUIK) Director Gary Tauss sold 2,195 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $19.20, for a total transaction of $42,144.00. Following the sale, the director directly owned 15,908 shares of the company’s stock, valued at approximately $305,433.60. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

QuickLogic Trading Up 14.2%

QuickLogic stock opened at $20.46 on Thursday. The firm has a market cap of $372.99 million, a price-to-earnings ratio of -22.99 and a beta of 1.11. QuickLogic Corporation has a 1 year low of $4.80 and a 1 year high of $22.69. The firm’s 50 day moving average price is $12.87 and its two-hundred day moving average price is $9.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.68.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $5.05 million for the quarter, compared to analyst estimates of $5.51 million. QuickLogic had a negative net margin of 102.41% and a negative return on equity of 48.97%. On average, research analysts predict that QuickLogic Corporation will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On QuickLogic

A number of institutional investors have recently bought and sold shares of the business. Cadent Capital Advisors LLC purchased a new stake in shares of QuickLogic in the fourth quarter worth approximately $1,036,000. Perkins Capital Management Inc. grew its position in QuickLogic by 34.5% during the fourth quarter. Perkins Capital Management Inc. now owns 275,706 shares of the semiconductor company’s stock valued at $1,657,000 after purchasing an additional 70,750 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in QuickLogic by 55.5% in the 4th quarter. Stratos Wealth Advisors LLC now owns 18,235 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 6,510 shares during the period. Themes Management Co LLC acquired a new position in QuickLogic in the 1st quarter valued at approximately $1,309,000. Finally, Sei Investments Co. purchased a new stake in QuickLogic in the 1st quarter worth approximately $987,000. 31.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a research report on Friday, March 27th. Needham & Company LLC started coverage on shares of QuickLogic in a report on Wednesday. They issued a “buy” rating and a $22.00 target price for the company. Lake Street Capital restated a “buy” rating and set a $22.00 price target (up from $11.00) on shares of QuickLogic in a report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.00.

About QuickLogic

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.