Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in QuickLogic Co. (NASDAQ:QUIK)

Skandinaviska Enskilda Banken AB publ grew its holdings in QuickLogic Co. (NASDAQ:QUIK) by 68.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,865 shares of the semiconductor company’s stock after acquiring an additional 8,063 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in QuickLogic were worth $233,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QUIK. Quest Partners LLC lifted its stake in shares of QuickLogic by 5,067.5% in the 3rd quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 10,743 shares during the period. State Street Corp lifted its stake in shares of QuickLogic by 15.6% in the 3rd quarter. State Street Corp now owns 198,500 shares of the semiconductor company’s stock valued at $1,522,000 after purchasing an additional 26,774 shares during the period. Barclays PLC lifted its stake in shares of QuickLogic by 34.8% in the 3rd quarter. Barclays PLC now owns 19,676 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 5,079 shares during the period. Crews Bank & Trust acquired a new position in shares of QuickLogic in the 4th quarter valued at $28,000. Finally, Sprott Inc. acquired a new position in shares of QuickLogic in the 4th quarter valued at $170,000. 31.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QUIK shares. StockNews.com upgraded shares of QuickLogic to a “sell” rating in a research note on Wednesday, December 11th. Northland Capmk upgraded shares of QuickLogic to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Northland Securities assumed coverage on shares of QuickLogic in a research report on Tuesday, December 17th. They set an “outperform” rating and a $11.60 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.53.

QuickLogic Stock Performance

NASDAQ:QUIK opened at $5.95 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. The company has a fifty day moving average of $7.59 and a two-hundred day moving average of $7.96. The stock has a market capitalization of $92.42 million, a PE ratio of -59.50 and a beta of 1.36. QuickLogic Co. has a fifty-two week low of $5.55 and a fifty-two week high of $19.03.

QuickLogic Profile

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.