QuickLogic (NASDAQ:QUIK) had its target price lifted by Roth Capital to in a research report released on Monday morning, The Fly reports. The firm currently has a neutral rating on the semiconductor company’s stock.
Other equities analysts have also issued reports about the company. ValuEngine upgraded QuickLogic from a hold rating to a buy rating in a research report on Friday, January 3rd. Oppenheimer reduced their price objective on QuickLogic from $14.00 to $1.00 and set an outperform rating on the stock in a research report on Monday. Finally, Zacks Investment Research lowered QuickLogic from a strong-buy rating to a hold rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $7.83.
Shares of QuickLogic stock opened at $7.87 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.52 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $3.10 and its 200-day moving average price is $1.07. QuickLogic has a 12 month low of $2.81 and a 12 month high of $16.66.
QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.14. The firm 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 period in the prior year, the company earned ($0.42) EPS. As a group, sell-side analysts anticipate that QuickLogic will post -1.63 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Worth Venture Partners LLC boosted its holdings in QuickLogic by 797.2% during the 2nd quarter. Worth Venture Partners LLC now owns 1,131,341 shares of the semiconductor company’s stock valued at $651,000 after acquiring an additional 1,005,247 shares during the period. Vanguard Group Inc. boosted its holdings in QuickLogic by 10.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,167,499 shares of the semiconductor company’s stock valued at $2,398,000 after acquiring an additional 385,317 shares during the period. Tower Research Capital LLC TRC boosted its holdings in QuickLogic by 731.1% during 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 during the period. Finally, Wells Fargo & Company MN boosted 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 valued at $85,000 after acquiring an additional 41,219 shares during the period.
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.
Recommended Story: Why do analysts give a neutral rating?
Receive News & Ratings for QuickLogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuickLogic and related companies with MarketBeat.com's FREE daily email newsletter.