QuickLogic (NASDAQ:QUIK) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

QuickLogic Corporation (NASDAQ:QUIK)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.30 and traded as high as $8.50. QuickLogic shares last traded at $8.44, with a volume of 295,895 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on QUIK. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a research report on Monday, December 29th. Northland Capmk downgraded shares of QuickLogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Northland Securities cut shares of QuickLogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.00.

QuickLogic Stock Performance

The firm has a market cap of $144.24 million, a P/E ratio of -14.81 and a beta of 0.79. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average is $6.49 and its two-hundred day moving average is $6.30.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings data on Wednesday, November 12th. The semiconductor company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.02. QuickLogic had a negative return on equity of 33.71% and a negative net margin of 58.26%.The firm had revenue of $2.03 million during the quarter, compared to analyst estimates of $2.05 million. As a group, equities analysts predict that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other QuickLogic news, CFO Elias Nader sold 5,687 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $6.30, for a total transaction of $35,828.10. Following the transaction, the chief financial officer directly owned 65,506 shares in the company, valued at approximately $412,687.80. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 17,500 shares of company stock valued at $110,579. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of QuickLogic

Several institutional investors and hedge funds have recently made changes to their positions in QUIK. Vanguard Group Inc. lifted its position in shares of QuickLogic by 4.6% during the third quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company’s stock valued at $3,975,000 after purchasing an additional 28,587 shares in the last quarter. Raymond James Financial Inc. increased its stake in QuickLogic by 2.8% in the 2nd quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock valued at $1,295,000 after buying an additional 5,721 shares during the last quarter. Perkins Capital Management Inc. lifted its position in shares of QuickLogic by 1.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock worth $1,242,000 after buying an additional 2,000 shares in the last quarter. Cadent Capital Advisors LLC purchased a new position in shares of QuickLogic in the 4th quarter worth approximately $1,036,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of QuickLogic by 40.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 99,576 shares of the semiconductor company’s stock worth $613,000 after buying an additional 28,751 shares during the last quarter. Hedge funds and other institutional investors own 31.54% of the company’s stock.

About QuickLogic

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.