QuickLogic Corporation (QUIK) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of QuickLogic Corporation (NASDAQ:QUIK) from a sell rating to a hold rating in a report published 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. “

Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of QuickLogic Corporation from a hold rating to a sell rating in a research note on Friday, September 1st. Roth Capital raised shares of QuickLogic Corporation from a neutral rating to a buy rating and increased their price objective for the company from $1.50 to $2.00 in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $2.50.

Shares of QuickLogic Corporation (QUIK) traded down 0.60% during mid-day trading on Wednesday, hitting $1.66. 76,660 shares of the company were exchanged. The firm’s market capitalization is $132.98 million. The company’s 50-day moving average price is $1.60 and its 200-day moving average price is $1.48. QuickLogic Corporation has a 12-month low of $0.76 and a 12-month high of $2.48.

QuickLogic Corporation (NASDAQ:QUIK) last issued its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The business had revenue of $3.03 million during the quarter, compared to the consensus estimate of $3.20 million. QuickLogic Corporation had a negative net margin of 130.99% and a negative return on equity of 84.50%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS. Equities research analysts predict that QuickLogic Corporation will post ($0.17) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “QuickLogic Corporation (QUIK) Upgraded to “Hold” at Zacks Investment Research” was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.thestockobserver.com/2017/10/12/quicklogic-corporation-quik-upgraded-to-hold-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in QuickLogic Corporation by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,489,572 shares of the semiconductor company’s stock valued at $5,095,000 after acquiring an additional 106,434 shares during the period. Driehaus Capital Management LLC acquired a new position in QuickLogic Corporation in the 1st quarter valued at approximately $821,000. Adirondack Research & Management Inc. increased its position in QuickLogic Corporation by 2.8% in the 2nd quarter. Adirondack Research & Management Inc. now owns 279,300 shares of the semiconductor company’s stock valued at $408,000 after acquiring an additional 7,500 shares during the period. Creative Planning increased its position in QuickLogic Corporation by 18.6% in the 2nd quarter. Creative Planning now owns 191,177 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 30,000 shares during the period. Finally, Northern Trust Corp increased its position in QuickLogic Corporation by 20.1% in the 2nd quarter. Northern Trust Corp now owns 159,105 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 26,599 shares during the period. Hedge funds and other institutional investors own 19.94% of the company’s stock.

QuickLogic Corporation Company Profile

QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).

Receive News & Ratings for QuickLogic Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuickLogic Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply