QuickLogic (NASDAQ:QUIK) Director Gary Tauss Sells 2,195 Shares

QuickLogic Corporation (NASDAQ:QUIKGet Free Report) Director Gary Tauss sold 2,195 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $19.20, for a total transaction of $42,144.00. Following the transaction, the director owned 15,908 shares in the company, valued at $305,433.60. This represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

QuickLogic Price Performance

Shares of NASDAQ QUIK opened at $18.46 on Tuesday. QuickLogic Corporation has a 1 year low of $4.80 and a 1 year high of $22.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.53. The company’s 50-day moving average is $12.45 and its 200 day moving average is $8.95. The stock has a market capitalization of $336.43 million, a P/E ratio of -20.74 and a beta of 1.11.

QuickLogic (NASDAQ:QUIKGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). QuickLogic had a negative net margin of 102.41% and a negative return on equity of 48.97%. The company had revenue of $5.05 million for the quarter, compared to analysts’ expectations of $5.51 million. On average, sell-side analysts expect that QuickLogic Corporation will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on QUIK shares. Wall Street Zen upgraded shares of QuickLogic from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a research report on Friday, March 27th. Finally, Lake Street Capital reiterated a “buy” rating and set a $22.00 price target (up from $11.00) on shares of QuickLogic in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

View Our Latest Research Report on QuickLogic

Institutional Investors Weigh In On QuickLogic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Prospera Financial Services Inc grew its holdings in QuickLogic by 8.9% in the third quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 1,400 shares during the period. Captrust Financial Advisors grew its holdings in QuickLogic by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 35,618 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 1,547 shares during the period. Perkins Capital Management Inc. grew its holdings in QuickLogic by 1.0% in the third quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock worth $1,242,000 after purchasing an additional 2,000 shares during the period. State Street Corp grew its holdings in QuickLogic by 5.0% in the fourth quarter. State Street Corp now owns 65,056 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 3,100 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in QuickLogic by 246.5% in the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 4,902 shares during the period. Hedge funds and other institutional investors own 31.54% of the company’s stock.

QuickLogic Company Profile

(Get Free Report)

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.

Further Reading

Insider Buying and Selling by Quarter for QuickLogic (NASDAQ:QUIK)

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