QuickLogic (QUIK) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of QuickLogic (NASDAQ: QUIK) recently:

• 12/17/2024 – QuickLogic was upgraded by analysts at Northland Capmk to a “strong-buy” rating.
• 12/17/2024 – QuickLogic is now covered by analysts at Northland Securities. They set an “outperform” rating and a $11.60 price target on the stock.
• 12/11/2024 – QuickLogic was upgraded by analysts at StockNews.com to a “sell” rating.
• 12/2/2024 – QuickLogic was upgraded by analysts at StockNews.com to a “sell” rating.
• 11/20/2024 – QuickLogic was upgraded by analysts at StockNews.com to a “sell” rating.
• 11/12/2024 – QuickLogic had its price target lowered by analysts at Craig Hallum from $12.00 to $10.00. They now have a “buy” rating on the stock.

QuickLogic Trading Down 0.5 %

Shares of QuickLogic stock traded down $0.04 during trading hours on Friday, reaching $7.92. The stock had a trading volume of 73,476 shares, compared to its average volume of 221,286. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. QuickLogic Co. has a 1 year low of $6.75 and a 1 year high of $20.75. The firm has a market capitalization of $116.48 million, a price-to-earnings ratio of -79.20 and a beta of 1.59. The firm has a 50 day simple moving average of $7.86 and a two-hundred day simple moving average of $8.95.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings results on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $4.27 million during the quarter, compared to analyst estimates of $4.20 million. QuickLogic had a negative net margin of 6.83% and a negative return on equity of 7.30%. During the same quarter in the prior year, the company posted $0.08 earnings per share. As a group, equities research analysts anticipate that QuickLogic Co. will post -0.29 earnings per share for the current year.

Insiders Place Their Bets

In other QuickLogic news, CFO Elias Nader sold 8,711 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $7.39, for a total transaction of $64,374.29. Following the sale, the chief financial officer now owns 60,955 shares in the company, valued at $450,457.45. This represents a 12.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian C. Faith sold 21,402 shares of QuickLogic 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 transaction, the chief executive officer now owns 193,584 shares of the company’s stock, valued at approximately $1,430,585.76. The trade was a 9.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,117 shares of company stock worth $381,460 in the last quarter. 2.49% of the stock is owned by corporate insiders.

Institutional Trading of QuickLogic

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in shares of QuickLogic by 83.1% in the 2nd quarter. Raymond James & Associates now owns 129,292 shares of the semiconductor company’s stock worth $1,343,000 after buying an additional 58,668 shares during the last quarter. Marshall Wace LLP lifted its holdings in QuickLogic by 118.4% in the second quarter. Marshall Wace LLP now owns 73,549 shares of the semiconductor company’s stock worth $764,000 after acquiring an additional 39,878 shares during 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 purchasing an additional 38,273 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of QuickLogic by 194.3% in the 2nd quarter. Squarepoint Ops LLC now owns 55,152 shares of the semiconductor company’s stock worth $573,000 after purchasing an additional 36,409 shares during the last quarter. Finally, State Street Corp boosted its position in QuickLogic by 15.6% during 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. Institutional investors own 31.54% of the company’s stock.

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.