QuickLogic (NASDAQ:QUIK) Price Target Raised to

Share on StockTwits

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.

About QuickLogic

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?

The Fly

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.



Latest News

Abbott Laboratories  Updates FY 2020
Pre-Market Earnings Guidance
Abbott Laboratories Updates FY 2020 Pre-Market Earnings Guidance
Express  Releases Q4 2019
Pre-Market Earnings Guidance
Express Releases Q4 2019 Pre-Market Earnings Guidance
MarineMax  Updates FY20 Earnings Guidance
MarineMax Updates FY20 Earnings Guidance
Squar Milner Financial Services LLC Cuts Position in Invesco BulletShares 2022 Corporate Bond ETF
Squar Milner Financial Services LLC Cuts Position in Invesco BulletShares 2022 Corporate Bond ETF
Vanguard Russell 2000  Stock Position Trimmed by Janney Montgomery Scott LLC
Vanguard Russell 2000 Stock Position Trimmed by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC Has $14.72 Million Stake in L3Harris
Janney Montgomery Scott LLC Has $14.72 Million Stake in L3Harris


 
© 2006-2020 Zolmax.