QuickLogic (NASDAQ:QUIK) Director Joyce Kim Sells 5,500 Shares of Stock

QuickLogic Corporation (NASDAQ:QUIKGet Free Report) Director Joyce Kim sold 5,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $20.00, for a total value of $110,000.00. Following the transaction, the director owned 2,140 shares of the company’s stock, valued at $42,800. The trade was a 71.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

QuickLogic Price Performance

Shares of NASDAQ:QUIK opened at $20.17 on Friday. QuickLogic Corporation has a 1-year low of $4.80 and a 1-year high of $22.69. The business has a fifty day moving average price of $13.09 and a 200-day moving average price of $9.20. The company has a market capitalization of $367.60 million, a PE ratio of -22.66 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.53.

QuickLogic (NASDAQ:QUIKGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported ($0.08) EPS 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 during the quarter, compared to the consensus estimate of $5.51 million. As a group, equities analysts expect that QuickLogic Corporation will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on QUIK. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research note on Friday, March 27th. Needham & Company LLC began coverage on QuickLogic in a research note on Wednesday. They set a “buy” rating and a $22.00 price target for the company. Lake Street Capital restated a “buy” rating and set a $22.00 price target (up from $11.00) on shares of QuickLogic in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, QuickLogic presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Get Our Latest Stock Analysis on QUIK

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QUIK. Tower Research Capital LLC TRC grew its stake in shares of QuickLogic by 246.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 4,902 shares during the period. Stratos Wealth Advisors LLC bought a new position in shares of QuickLogic during the 3rd quarter valued at approximately $71,000. Squarepoint Ops LLC bought a new position in shares of QuickLogic during the 4th quarter valued at approximately $84,000. Jane Street Group LLC bought a new position in shares of QuickLogic during the 1st quarter valued at approximately $87,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of QuickLogic during the 4th quarter valued at approximately $102,000. 31.54% of the stock is currently owned by institutional investors.

About QuickLogic

(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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