QuickLogic Co. (NASDAQ:QUIK – Get Free Report) CFO Elias Nader sold 1,878 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $8.05, for a total transaction of $15,117.90. Following the completion of the sale, the chief financial officer now owns 48,803 shares of the company’s stock, valued at approximately $392,864.15. The transaction was disclosed in a document filed with the SEC, which is available at this link.
QuickLogic Trading Down 1.9 %
QUIK opened at $8.77 on Friday. The firm has a 50 day simple moving average of $10.52 and a 200 day simple moving average of $12.66. QuickLogic Co. has a fifty-two week low of $7.25 and a fifty-two week high of $20.75. The company has a market cap of $126.50 million, a price-to-earnings ratio of 146.17 and a beta of 1.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.24 and a quick ratio of 1.17.
QuickLogic (NASDAQ:QUIK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $4.13 million during the quarter, compared to the consensus estimate of $4.50 million. QuickLogic had a return on equity of 6.57% and a net margin of 4.65%. During the same quarter in the prior year, the business earned ($0.17) earnings per share. On average, sell-side analysts anticipate that QuickLogic Co. will post 0.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Report on QUIK
Institutional Trading of QuickLogic
A number of hedge funds have recently modified their holdings of QUIK. Essex Investment Management Co. LLC acquired a new position in QuickLogic in the first quarter valued at about $1,719,000. Raymond James & Associates grew its position in shares of QuickLogic by 83.1% in the 2nd quarter. Raymond James & Associates now owns 129,292 shares of the semiconductor company’s stock valued at $1,343,000 after purchasing an additional 58,668 shares during the period. Marshall Wace LLP increased its stake in QuickLogic by 118.4% during the 2nd quarter. Marshall Wace LLP now owns 73,549 shares of the semiconductor company’s stock worth $764,000 after purchasing an additional 39,878 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in QuickLogic by 142.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,061 shares of the semiconductor company’s stock worth $676,000 after buying an additional 38,273 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in QuickLogic by 194.3% in the second quarter. Squarepoint Ops LLC now owns 55,152 shares of the semiconductor company’s stock valued at $573,000 after buying an additional 36,409 shares in the last quarter. 31.54% of the stock is currently owned by institutional investors and hedge funds.
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.
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