QuickLogic Co. (NASDAQ:QUIK) CFO Sells $33,078.36 in Stock

QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader sold 4,458 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $7.42, for a total transaction of $33,078.36. Following the completion of the transaction, the chief financial officer now owns 52,740 shares of the company’s stock, valued at $391,330.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, August 14th, Elias Nader sold 1,878 shares of QuickLogic stock. The stock was sold at an average price of $8.05, for a total value of $15,117.90.

QuickLogic Price Performance

Shares of QUIK traded down $0.27 during trading hours on Thursday, hitting $7.31. 164,236 shares of the company were exchanged, compared to its average volume of 258,158. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.21 and a quick ratio of 1.14. The company has a market capitalization of $105.78 million, a PE ratio of 126.33 and a beta of 1.56. The firm has a fifty day simple moving average of $9.90 and a 200-day simple moving average of $12.33. QuickLogic Co. has a one year low of $7.26 and a one year high of $20.75.

QuickLogic (NASDAQ:QUIK) last released its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $4.13 million during the quarter, compared to analyst estimates of $4.50 million. QuickLogic had a net margin of 7.38% and a return on equity of 9.56%. During the same quarter last year, the business earned ($0.17) EPS. As a group, sell-side analysts predict that QuickLogic Co. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Oppenheimer dropped their price objective on QuickLogic from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Craig Hallum dropped their price target on shares of QuickLogic from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, StockNews.com downgraded shares of QuickLogic from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QUIK. Hillsdale Investment Management Inc. lifted its position in shares of QuickLogic by 918.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,890 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 4,410 shares in the last quarter. Acuitas Investments LLC raised its stake in QuickLogic by 54.0% during the 2nd quarter. Acuitas Investments LLC now owns 9,700 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 3,400 shares during the period. XTX Topco Ltd purchased a new stake in shares of QuickLogic in the second quarter valued at $127,000. Thompson Davis & CO. Inc. acquired a new stake in shares of QuickLogic in the first quarter worth $202,000. Finally, Gladstone Institutional Advisory LLC grew its holdings in shares of QuickLogic by 13.8% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 12,943 shares of the semiconductor company’s stock valued at $179,000 after buying an additional 1,565 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.