According to Zacks, “QuickLogic Corporation is a semiconductor provider of ultra-low power, comprehensive, flexible sensor processing solutions enabling significantly longer battery life for the Smartphone, Wearable, and IoT markets. They are the only company integrating multi-core processing, programmable logic, sensor fusion and context aware algorithms, and embedded software. QuickLogic accelerates the pace of innovation for always-on motion, light, environmental, location, and voice-enabled user experiences. “
Several other equities analysts have also recently weighed in on QUIK. Oppenheimer cut their price objective on QuickLogic from $14.00 to $1.00 and set an outperform rating on the stock in a report on Monday, January 13th. ValuEngine upgraded shares of QuickLogic from a hold rating to a buy rating in a report on Friday, January 3rd. Finally, Roth Capital lifted their price target on shares of QuickLogic to and gave the company a neutral rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $7.83.
NASDAQ QUIK opened at $7.59 on Friday. The stock has a fifty day moving average of $3.40 and a 200-day moving average of $1.15. The stock has a market capitalization of $63.17 million, a P/E ratio of -3.39 and a beta of 0.48. QuickLogic has a 52 week low of $2.81 and a 52 week high of $16.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.52 and a current ratio of 1.71.
QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.14. The business had revenue of $2.16 million for the quarter, compared to analyst estimates of $2.10 million. QuickLogic had a negative return on equity of 85.41% and a negative net margin of 144.73%. During the same quarter in the prior year, the firm posted ($0.42) earnings per share. Equities research analysts forecast that QuickLogic will post -1.63 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in QUIK. Wells Fargo & Company MN increased its holdings in QuickLogic by 38.4% during the 2nd quarter. Wells Fargo & Company MN now owns 148,430 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 41,219 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in QuickLogic by 731.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 66,431 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 58,438 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of QuickLogic by 10.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,167,499 shares of the semiconductor company’s stock worth $2,398,000 after acquiring an additional 385,317 shares in the last quarter.
QuickLogic Company Profile
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.
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