Taylor Frigon Capital Management LLC Has $2.43 Million Stock Holdings in QuickLogic Co. (NASDAQ:QUIK)

Taylor Frigon Capital Management LLC reduced its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 7.3% during the third quarter, Holdings Channel reports. The institutional investor owned 317,134 shares of the semiconductor company’s stock after selling 24,881 shares during the period. Taylor Frigon Capital Management LLC’s holdings in QuickLogic were worth $2,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QUIK. Essex Investment Management Co. LLC acquired a new position in shares of QuickLogic during the first quarter worth approximately $1,719,000. Acadian Asset Management LLC raised its holdings in QuickLogic by 29.9% during the first quarter. Acadian Asset Management LLC now owns 63,152 shares of the semiconductor company’s stock worth $1,010,000 after buying an additional 14,520 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of QuickLogic by 24.8% in the second quarter. American Century Companies Inc. now owns 18,841 shares of the semiconductor company’s stock valued at $196,000 after buying an additional 3,750 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of QuickLogic by 142.9% during the second quarter. Bank of New York Mellon Corp now owns 65,061 shares of the semiconductor company’s stock valued at $676,000 after buying an additional 38,273 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in shares of QuickLogic during the first quarter worth about $436,000. Institutional investors own 31.54% of the company’s stock.

Insider Buying and Selling at QuickLogic

In other news, CEO Brian C. Faith sold 27,866 shares of QuickLogic stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $8.83, for a total transaction of $246,056.78. Following the sale, the chief executive officer now directly owns 215,849 shares in the company, valued at $1,905,946.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Brian C. Faith sold 27,866 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $8.83, for a total transaction of $246,056.78. Following the completion of the transaction, the chief executive officer now owns 215,849 shares in the company, valued at approximately $1,905,946.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elias Nader sold 4,458 shares of QuickLogic stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $7.42, for a total transaction of $33,078.36. Following the completion of the sale, the chief financial officer now directly owns 52,740 shares in the company, valued at approximately $391,330.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,202 shares of company stock worth $378,653 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on QUIK shares. StockNews.com cut shares of QuickLogic from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Craig Hallum cut their target price on QuickLogic from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Oppenheimer lowered their price target on QuickLogic from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th.

QuickLogic Stock Up 3.3 %

QUIK stock traded up $0.27 during trading on Thursday, reaching $8.50. The stock had a trading volume of 31,480 shares, compared to its average volume of 234,183. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $122.60 million, a price-to-earnings ratio of 137.17 and a beta of 1.56. QuickLogic Co. has a one year low of $7.01 and a one year high of $20.75. The company’s 50 day moving average is $8.05 and its two-hundred day moving average is $10.42.

QuickLogic (NASDAQ:QUIK) last released its earnings results on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $4.13 million during the quarter, compared to the consensus estimate of $4.50 million. QuickLogic had a net margin of 7.38% and a return on equity of 9.56%. During the same period in the prior year, the company earned ($0.17) earnings per share. Equities research analysts forecast that QuickLogic Co. will post 0.08 EPS for the current year.

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.