QuickLogic (NASDAQ:QUIK) VP Timothy Saxe Sells 10,364 Shares of Stock

QuickLogic Corporation (NASDAQ:QUIKGet Free Report) VP Timothy Saxe sold 10,364 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $10.21, for a total value of $105,816.44. Following the completion of the transaction, the vice president directly owned 152,214 shares in the company, valued at approximately $1,554,104.94. This trade represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Timothy Saxe also recently made the following trade(s):

  • On Thursday, September 10th, Timothy Saxe sold 15,190 shares of QuickLogic stock. The stock was sold at an average price of $10.80, for a total transaction of $164,052.00.

QuickLogic Price Performance

Shares of QUIK opened at $10.72 on Friday. The firm has a 50-day simple moving average of $12.19 and a two-hundred day simple moving average of $14.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.15 and a quick ratio of 2.06. QuickLogic Corporation has a 1-year low of $5.28 and a 1-year high of $24.33. The stock has a market cap of $196.39 million, a PE ratio of -13.92 and a beta of 1.20.

QuickLogic (NASDAQ:QUIKGet Free Report) last posted its 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 company had revenue of $5.48 million during the quarter, compared to analyst estimates 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, analysts forecast that QuickLogic Corporation will post -0.26 EPS for the current year.

Institutional Investors Weigh In On QuickLogic

Large investors have recently bought and sold shares of the stock. Prospera Financial Services Inc boosted its stake in shares of QuickLogic by 59.5% in the 4th quarter. Prospera Financial Services Inc now owns 27,200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 10,150 shares during the period. Cetera Investment Advisers purchased a new stake in shares of QuickLogic during the first quarter worth approximately $111,000. SEB Asset Management AB acquired a new stake in QuickLogic in the first quarter valued at approximately $129,000. OMERS ADMINISTRATION Corp purchased a new position in QuickLogic in the first quarter worth approximately $151,000. Finally, Maridea Wealth Management LLC acquired a new position in QuickLogic during the 1st quarter worth approximately $161,000. Hedge funds and other institutional investors own 31.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on QUIK shares. Needham & Company LLC decreased their target price on QuickLogic from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, QuickLogic has a consensus rating of “Hold” and an average price target of $21.00.

Get Our Latest Report on QuickLogic

QuickLogic Company Profile

(Get Free Report)

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.

Further Reading

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

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