Perkins Capital Management Inc. Increases Holdings in QuickLogic Co. (NASDAQ:QUIK)

Perkins Capital Management Inc. raised its stake in QuickLogic Co. (NASDAQ:QUIK) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,956 shares of the semiconductor company’s stock after acquiring an additional 1,850 shares during the period. QuickLogic makes up 2.0% of Perkins Capital Management Inc.’s portfolio, making the stock its 16th biggest position. Perkins Capital Management Inc. owned approximately 1.38% of QuickLogic worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crews Bank & Trust purchased a new stake in QuickLogic during the 4th quarter valued at about $28,000. Quest Partners LLC grew its holdings in shares of QuickLogic by 5,067.5% during the third quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 10,743 shares during the last quarter. Sprott Inc. purchased a new stake in shares of QuickLogic during the fourth quarter valued at approximately $170,000. Barclays PLC increased its position in shares of QuickLogic by 34.8% during the third quarter. Barclays PLC now owns 19,676 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 5,079 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in QuickLogic by 68.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 19,865 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 8,063 shares in the last quarter. 31.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

QUIK has been the subject of a number of research analyst reports. Northland Capmk raised QuickLogic to a “strong-buy” rating in a report on Tuesday, December 17th. Northland Securities assumed coverage on QuickLogic in a report on Tuesday, December 17th. They issued an “outperform” rating and a $11.60 price objective for the company. Finally, StockNews.com upgraded shares of QuickLogic to a “sell” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.53.

QuickLogic Price Performance

NASDAQ QUIK opened at $5.62 on Monday. The stock has a market capitalization of $87.29 million, a price-to-earnings ratio of -56.20 and a beta of 1.36. QuickLogic Co. has a 1-year low of $5.46 and a 1-year high of $16.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.05. The business’s fifty day moving average price is $7.39 and its 200-day moving average price is $7.92.

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.