QuickLogic (NASDAQ:QUIK) Director Michael Farese Sells 1,813 Shares of Stock

QuickLogic Corporation (NASDAQ:QUIK) Director Michael Farese sold 1,813 shares of QuickLogic stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $9.91, for a total transaction of $17,966.83. Following the completion of the sale, the director owned 39,340 shares of the company’s stock, valued at approximately $389,859.40. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

QuickLogic Price Performance

NASDAQ:QUIK traded down $0.16 during trading hours on Friday, reaching $9.32. 5,904 shares of the company were exchanged, compared to its average volume of 191,818. The business has a 50 day moving average of $8.06 and a 200 day moving average of $6.90. QuickLogic Corporation has a 1-year low of $4.26 and a 1-year high of $10.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.18 and a quick ratio of 1.14. The company has a market capitalization of $159.21 million, a P/E ratio of -10.27 and a beta of 0.60.

QuickLogic (NASDAQ:QUIK) last released its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The company had revenue of $3.73 million for the quarter, compared to the consensus estimate of $3.50 million. QuickLogic had a negative net margin of 107.70% and a negative return on equity of 45.83%. Research analysts forecast that QuickLogic Corporation will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on QUIK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of QuickLogic in a report on Monday, December 29th. Lake Street Capital assumed coverage on shares of QuickLogic in a research report on Monday, February 9th. They set a “buy” rating and a $10.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Prospera Financial Services Inc lifted its holdings in shares of QuickLogic by 8.9% in the third quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 1,400 shares during the last quarter. Captrust Financial Advisors lifted its stake in QuickLogic by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 35,618 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 1,547 shares during the last quarter. Perkins Capital Management Inc. lifted its stake in QuickLogic by 1.0% in the 3rd quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock valued at $1,242,000 after purchasing an additional 2,000 shares during the last quarter. State Street Corp boosted its position in QuickLogic by 5.0% in the fourth quarter. State Street Corp now owns 65,056 shares of the semiconductor company’s stock valued at $391,000 after buying an additional 3,100 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after buying an additional 4,902 shares during the last quarter. Institutional investors and hedge funds own 31.54% of the company’s stock.

QuickLogic Company Profile

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.