Taylor Frigon Capital Management LLC Cuts Position in QuickLogic Co. (NASDAQ:QUIK)

Taylor Frigon Capital Management LLC trimmed its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 290,090 shares of the semiconductor company’s stock after selling 27,044 shares during the period. QuickLogic comprises about 1.7% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 16th biggest position. Taylor Frigon Capital Management LLC’s holdings in QuickLogic were worth $3,278,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QUIK. Crews Bank & Trust purchased a new stake in shares of QuickLogic during the fourth quarter worth approximately $28,000. Quest Partners LLC boosted its holdings in QuickLogic by 5,067.5% in the third 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 in the last quarter. Cutter & CO Brokerage Inc. acquired a new position in QuickLogic in the third quarter valued at approximately $106,000. Barclays PLC boosted its holdings in QuickLogic by 34.8% in the third 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 in the last quarter. Finally, Sprott Inc. acquired a new position in QuickLogic in the fourth quarter valued at approximately $170,000. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

QuickLogic Price Performance

QUIK stock opened at $7.31 on Thursday. The company has a market capitalization of $107.51 million, a P/E ratio of -73.10 and a beta of 1.39. QuickLogic Co. has a twelve month low of $6.41 and a twelve month high of $20.75. The business has a 50 day simple moving average of $8.80 and a 200-day simple moving average of $8.24. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06.

Insider Activity

In other news, CEO Brian C. Faith sold 21,402 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $7.39, for a total value of $158,160.78. Following the completion of the sale, the chief executive officer now directly owns 193,584 shares of the company’s stock, valued at approximately $1,430,585.76. This represents a 9.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elias Nader sold 8,711 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $7.39, for a total value of $64,374.29. Following the completion of the sale, the chief financial officer now directly owns 60,955 shares of the company’s stock, valued at $450,457.45. The trade was a 12.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,960 shares of company stock valued at $331,150. 2.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

QUIK has been the subject of a number of research analyst reports. Northland Securities initiated coverage on QuickLogic in a report on Tuesday, December 17th. They issued an “outperform” rating and a $11.60 price target for the company. Craig Hallum lowered their price target on QuickLogic from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. StockNews.com raised QuickLogic to a “sell” rating in a report on Wednesday, December 11th. Finally, Northland Capmk raised QuickLogic to a “strong-buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.53.

About QuickLogic

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.