QuickLogic (NASDAQ:QUIK) CEO Brian Faith Sells 41,480 Shares

QuickLogic Corporation (NASDAQ:QUIKGet 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:QUIKGet 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

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in QuickLogic by 4.6% during the third quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company’s stock worth $3,975,000 after purchasing an additional 28,587 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 during the last quarter. Perkins Capital Management Inc. raised its holdings in QuickLogic by 11.2% during the first quarter. Perkins Capital Management Inc. now owns 306,706 shares of the semiconductor company’s stock worth $2,877,000 after acquiring an additional 31,000 shares in the last quarter. Raymond James Financial Inc. raised its holdings in QuickLogic by 2.8% during the second quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock worth $1,295,000 after acquiring an additional 5,721 shares in the last quarter. Finally, Cadent Capital Advisors LLC bought a new stake in QuickLogic during the fourth quarter worth about $1,036,000. Institutional investors and hedge funds own 31.54% of the company’s stock.

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

(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.

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