QuickLogic (NASDAQ:QUIK) Given New $12.00 Price Target at Needham & Company LLC

QuickLogic (NASDAQ:QUIK) had its target price reduced by Needham & Company LLC from $20.00 to $12.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Separately, Weiss Ratings cut QuickLogic from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.00.

QuickLogic Trading Up 13.1%

NASDAQ:QUIK opened at $9.30 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.15 and a quick ratio of 2.06. QuickLogic has a 1 year low of $5.28 and a 1 year high of $24.33. The business has a fifty day moving average of $10.02 and a 200-day moving average of $12.57.

QuickLogic (NASDAQ:QUIK) last announced its earnings results on Tuesday, November 10th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $5.14 million during the quarter, compared to the consensus estimate of $5.51 million. QuickLogic had a negative net margin of 57.94% and a negative return on equity of 37.65%. As a group, sell-side analysts forecast that QuickLogic will post -0.26 earnings per share for the current year.

Insider Buying and Selling at QuickLogic

In other news, CEO Brian Faith sold 25,292 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $10.80, for a total transaction of $273,153.60. Following the completion of the sale, the chief executive officer owned 255,791 shares in the company, valued at approximately $2,762,542.80. This represents a 9.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elias Nader sold 12,152 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $10.80, for a total value of $131,241.60. Following the sale, the chief financial officer owned 82,255 shares of the company’s stock, valued at $888,354. This trade represents a 12.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 90,044 shares of company stock valued at $950,748. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On QuickLogic

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aberdeen Group plc purchased a new position in shares of QuickLogic in the third quarter worth approximately $734,000. State of Wyoming grew its position in QuickLogic by 502.5% during the 3rd quarter. State of Wyoming now owns 20,875 shares of the semiconductor company’s stock worth $237,000 after purchasing an additional 17,410 shares in the last quarter. SBI Securities Co. Ltd. grew its position in QuickLogic by 1,752.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 18,213 shares of the semiconductor company’s stock worth $207,000 after purchasing an additional 17,230 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in QuickLogic during the 2nd quarter valued at $754,000. Finally, Bank of America Corp DE raised its stake in QuickLogic by 382.8% during the 1st quarter. Bank of America Corp DE now owns 28,771 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 22,812 shares during the period. 31.54% of the stock is owned by institutional investors and hedge funds.

Latest QuickLogic News

These are some of the QUIK news items that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 153% year over year to $5.1 million, and the net loss narrowed compared with a year earlier. The company also reported a new six-figure eFPGA Hard IP design win for an automotive/industrial application. QuickLogic third-quarter results
• Neutral Sentiment: Needham lowered its price target to $12 from $20 but maintained a Buy rating. The reduced target signals a more cautious outlook, while the retained rating remains supportive. Needham price-target update
• Negative Sentiment: QuickLogic missed third-quarter estimates: its loss was $0.07 per share versus the expected $0.05 loss, and revenue of $5.14 million fell short of the $5.51 million consensus. Fiscal 2026 revenue guidance of $23.7 million was also slightly below the $23.9 million estimate. QuickLogic Q3 estimates and results

QuickLogic Company Profile

QuickLogic Corporation is a fabless semiconductor company that develops low-power, programmable semiconductor solutions and embedded FPGA (eFPGA) intellectual property. Its technology is designed to allow customers to add configurable logic to application-specific integrated circuits (ASICs) and systems-on-chip (SoCs), helping support customization, connectivity, sensor processing and other functions without requiring a separate FPGA device. The company offers eFPGA IP, customer-specific standard products (CSSPs), and related development tools and design services.