Analysts expect QuickLogic Co. (NASDAQ:QUIK) to announce earnings per share (EPS) of ($0.31) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for QuickLogic’s earnings. The lowest EPS estimate is ($0.32) and the highest is ($0.30). QuickLogic reported earnings of ($0.42) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 12th.
According to Zacks, analysts expect that QuickLogic will report full-year earnings of ($1.63) per share for the current year, with EPS estimates ranging from ($1.64) to ($1.62). For the next fiscal year, analysts forecast that the company will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.19) to $0.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover QuickLogic.
QuickLogic (NASDAQ:QUIK) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.14. The company had revenue of $2.16 million for the quarter, compared to analysts’ expectations of $2.10 million. QuickLogic had a negative net margin of 144.73% and a negative return on equity of 85.41%. During the same quarter last year, the company earned ($0.42) EPS.
A number of brokerages have issued reports on QUIK. Zacks Investment Research lowered shares of QuickLogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Roth Capital raised their price target on shares of QuickLogic to and gave the stock a “neutral” rating in a report on Monday. Oppenheimer cut their price target on shares of QuickLogic from $14.00 to $1.00 and set an “outperform” rating on the stock in a report on Monday. Finally, ValuEngine raised shares of QuickLogic from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. QuickLogic presently has an average rating of “Buy” and a consensus target price of $7.83.
QuickLogic stock traded down $0.02 during trading hours on Friday, reaching $7.73. The stock had a trading volume of 728 shares, compared to its average volume of 135,404. The stock has a market cap of $64.25 million, a PE ratio of -3.69, a PEG ratio of 5.51 and a beta of 0.48. QuickLogic has a 52 week low of $2.81 and a 52 week high of $16.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.71 and a quick ratio of 1.52. The company has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $1.07.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in QuickLogic by 10.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,167,499 shares of the semiconductor company’s stock worth $2,398,000 after acquiring an additional 385,317 shares during the last quarter. Worth Venture Partners LLC grew its holdings in QuickLogic by 797.2% in the 2nd quarter. Worth Venture Partners LLC now owns 1,131,341 shares of the semiconductor company’s stock worth $651,000 after acquiring an additional 1,005,247 shares during the last quarter. Wells Fargo & Company MN grew its holdings in QuickLogic by 38.4% in the 2nd quarter. Wells Fargo & Company MN now owns 148,430 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 41,219 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in QuickLogic by 731.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 66,431 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 58,438 shares during the last quarter.
QuickLogic Company Profile
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.
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