Zacks Investment Research upgraded shares of QuickLogic (NASDAQ:QUIK) from a sell rating to a hold rating in a research note released on Wednesday.
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. “
Separately, ValuEngine raised QuickLogic from a sell rating to a hold rating in a research report on Saturday, December 1st.
NASDAQ QUIK opened at $0.99 on Wednesday. The firm has a market capitalization of $92.33 million, a P/E ratio of -5.50 and a beta of -0.09. QuickLogic has a 12 month low of $0.78 and a 12 month high of $2.22. The company has a quick ratio of 2.07, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.
QuickLogic (NASDAQ:QUIK) last released its quarterly earnings results on Wednesday, November 7th. The semiconductor company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $3.51 million during the quarter, compared to analyst estimates of $3.50 million. QuickLogic had a negative return on equity of 79.85% and a negative net margin of 114.11%. During the same period in the prior year, the firm posted ($0.04) EPS. Equities analysts expect that QuickLogic will post -0.14 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Worth Venture Partners LLC purchased a new stake in shares of QuickLogic during the 3rd quarter valued at $230,000. Northern Trust Corp increased its position in shares of QuickLogic by 35.7% during the 2nd quarter. Northern Trust Corp now owns 230,594 shares of the semiconductor company’s stock valued at $266,000 after purchasing an additional 60,658 shares during the last quarter. Bridgeway Capital Management Inc. increased its position in shares of QuickLogic by 124.0% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 234,800 shares of the semiconductor company’s stock valued at $235,000 after purchasing an additional 130,000 shares during the last quarter. Strategic Wealth Advisors Group LLC purchased a new stake in shares of QuickLogic during the 3rd quarter valued at $264,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of QuickLogic during the 2nd quarter valued at $383,000. 23.50% of the stock is owned by hedge funds and other institutional investors.
QuickLogic Company Profile
QuickLogic Corporation, a semiconductor company, designs, markets, and supports silicon solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. The company also provides Field Programmable Gate Arrays (FPGAs), software drivers, and associated design software and programming hardware, as well as eFPGA intellectual property (IP), such as ArcticPro and ArcticPro 2.
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