QuickLogic Co. (NASDAQ:QUIK) CFO Sells $19,190.25 in Stock

QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader sold 2,843 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $6.75, for a total transaction of $19,190.25. Following the completion of the transaction, the chief financial officer now owns 62,785 shares of the company’s stock, valued at approximately $423,798.75. The trade was a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Elias Nader also recently made the following trade(s):

• On Thursday, December 5th, Elias Nader sold 8,711 shares of QuickLogic stock. The stock was sold at an average price of $7.39, for a total transaction of $64,374.29.

QuickLogic Stock Performance

QUIK stock opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. The stock has a market cap of $121.36 million, a P/E ratio of -82.50 and a beta of 1.39. The firm has a 50 day simple moving average of $8.82 and a 200 day simple moving average of $8.37. QuickLogic Co. has a 52 week low of $6.75 and a 52 week high of $20.75.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Craig Hallum decreased their target price on shares of QuickLogic from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Northland Securities assumed coverage on shares of QuickLogic in a report on Tuesday, December 17th. They issued an “outperform” rating and a $11.60 target price for the company. StockNews.com upgraded shares of QuickLogic to a “sell” rating in a report on Wednesday, December 11th. Finally, Northland Capmk upgraded shares of QuickLogic to a “strong-buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, QuickLogic currently has an average rating of “Moderate Buy” and a consensus target price of $11.53.

Institutional Trading of QuickLogic

Several institutional investors have recently made changes to their positions in QUIK. Herald Investment Management Ltd boosted its holdings in shares of QuickLogic by 46.1% during the fourth quarter. Herald Investment Management Ltd now owns 730,379 shares of the semiconductor company’s stock worth $8,231,000 after purchasing an additional 230,379 shares during the period. Raymond James Financial Inc. bought a new position in QuickLogic during the fourth quarter valued at approximately $2,192,000. State Street Corp raised its position in QuickLogic by 15.6% during the third quarter. State Street Corp now owns 198,500 shares of the semiconductor company’s stock valued at $1,522,000 after acquiring an additional 26,774 shares in the last quarter. Sprott Inc. bought a new position in QuickLogic during the fourth quarter valued at approximately $170,000. Finally, Cutter & CO Brokerage Inc. bought a new position in QuickLogic during the third quarter valued at approximately $106,000. 31.54% of the stock is currently owned by institutional investors and hedge funds.

QuickLogic Company Profile

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.