QuickLogic Corporation (NASDAQ:QUIK – Get Free Report) CEO Brian Faith sold 41,480 shares of QuickLogic stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $20.45, for a total value of $848,266.00. Following the transaction, the chief executive officer owned 228,412 shares in the company, valued at approximately $4,671,025.40. This represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
QuickLogic Stock Performance
QUIK stock opened at $20.17 on Friday. The business’s 50-day moving average price is $13.09 and its two-hundred day moving average price is $9.20. The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. The firm has a market cap of $367.60 million, a PE ratio of -22.66 and a beta of 1.11. QuickLogic Corporation has a 1-year low of $4.80 and a 1-year high of $22.69.
QuickLogic (NASDAQ:QUIK – Get Free Report) last posted its earnings results on Tuesday, May 12th. The semiconductor company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). QuickLogic had a negative return on equity of 48.97% and a negative net margin of 102.41%.The business had revenue of $5.05 million for the quarter, compared to the consensus estimate of $5.51 million. As a group, research analysts forecast that QuickLogic Corporation will post -0.2 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
QUIK has been the topic of a number of research reports. Needham & Company LLC initiated coverage on shares of QuickLogic in a research note on Wednesday. They issued a “buy” rating and a $22.00 price target on the stock. Lake Street Capital restated a “buy” rating and issued a $22.00 price target (up from $11.00) on shares of QuickLogic in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a report on Friday, March 27th. Finally, Wall Street Zen upgraded QuickLogic from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.
Get Our Latest Analysis on QuickLogic
QuickLogic Company Profile
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.
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