QuickLogic Corporation (NASDAQ:QUIK – Get Free Report) CEO Brian Faith sold 17,255 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $10.21, for a total value of $176,173.55. Following the transaction, the chief executive officer directly owned 271,065 shares in the company, valued at $2,767,573.65. This trade represents a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
QuickLogic Stock Up 1.9%
Shares of QUIK opened at $10.72 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.15 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $12.19 and a two-hundred day simple moving average of $14.24. QuickLogic Corporation has a 52-week low of $5.28 and a 52-week high of $24.33. The company has a market capitalization of $196.39 million, a PE ratio of -13.92 and a beta of 1.20.
QuickLogic (NASDAQ:QUIK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $5.48 million during the quarter, compared to analysts’ expectations of $6.00 million. QuickLogic had a negative net margin of 80.18% and a negative return on equity of 45.22%. As a group, equities analysts forecast that QuickLogic Corporation will post -0.26 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on QUIK
Institutional Trading of QuickLogic
A number of large investors have recently modified their holdings of QUIK. Royal Bank of Canada grew its stake in shares of QuickLogic by 14,694.5% during the first quarter. Royal Bank of Canada now owns 348,115 shares of the semiconductor company’s stock worth $3,266,000 after purchasing an additional 345,762 shares in the last quarter. Themes Management Co LLC purchased a new position in QuickLogic during the 1st quarter worth approximately $1,309,000. Sei Investments Co. purchased a new position in shares of QuickLogic during the first quarter worth approximately $987,000. Bank of New York Mellon Corp acquired a new stake in QuickLogic during the 2nd quarter worth $754,000. Finally, Perkins Capital Management Inc. grew its position in QuickLogic by 11.2% during the 1st quarter. Perkins Capital Management Inc. now owns 306,706 shares of the semiconductor company’s stock worth $2,877,000 after purchasing an additional 31,000 shares during the last quarter. Hedge funds and other institutional investors own 31.54% of the company’s stock.
About QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops customizable, low-power semiconductor solutions and intellectual property for consumer, industrial, communications, and other electronic devices. Its technologies are designed to help manufacturers add processing, connectivity, display, and sensor capabilities while reducing development time and power consumption.
The company’s offerings include embedded FPGA (eFPGA) intellectual property, which allows programmable logic to be integrated directly into a system-on-chip, as well as customer-specific standard products and related semiconductor solutions.
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