QuickLogic Co. (NASDAQ:QUIK) Short Interest Update

QuickLogic Co. (NASDAQ:QUIK) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,750,000 shares, a growth of 28.7% from the June 30th total of 1,360,000 shares. Based on an average trading volume of 283,100 shares, the days-to-cover ratio is presently 6.2 days.

Insider Activity

In other news, VP Timothy Saxe sold 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $11.76, for a total value of $117,600.00. Following the completion of the sale, the vice president now owns 114,934 shares of the company’s stock, valued at $1,351,623.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On QuickLogic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC bought a new position in shares of QuickLogic in the first quarter valued at approximately $1,719,000. Victory Capital Management Inc. bought a new position in QuickLogic in the 4th quarter worth $203,000. Raymond James & Associates lifted its position in QuickLogic by 7.9% during the 4th quarter. Raymond James & Associates now owns 42,181 shares of the semiconductor company’s stock worth $585,000 after acquiring an additional 3,091 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in QuickLogic by 29.9% during the first quarter. Acadian Asset Management LLC now owns 63,152 shares of the semiconductor company’s stock valued at $1,010,000 after acquiring an additional 14,520 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in QuickLogic by 188.9% during the fourth quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company’s stock valued at $515,000 after acquiring an additional 24,347 shares during the period. 31.54% of the stock is currently owned by institutional investors and hedge funds.

QuickLogic Trading Down 3.9 %

NASDAQ:QUIK opened at $10.65 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.24. The company has a market capitalization of $153.57 million, a P/E ratio of 177.50 and a beta of 1.63. The stock’s 50 day moving average price is $11.41 and its 200 day moving average price is $13.10. QuickLogic has a 52 week low of $7.05 and a 52 week high of $20.75.

QuickLogic (NASDAQ:QUIK) last posted its earnings results on Monday, May 13th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $6.01 million for the quarter, compared to analyst estimates of $6.20 million. QuickLogic had a return on equity of 6.57% and a net margin of 4.65%. On average, research analysts forecast that QuickLogic will post 0.22 EPS for the current fiscal year.

About QuickLogic

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.