Shares of QuickLogic Co. (NASDAQ:QUIK) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price objective of $1.75 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned QuickLogic an industry rank of 81 out of 256 based on the ratings given to its competitors.
A number of equities analysts recently issued reports on QUIK shares. Zacks Investment Research raised shares of QuickLogic from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine raised shares of QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st.
Hedge funds have recently added to or reduced their stakes in the stock. Worth Venture Partners LLC bought a new position in QuickLogic in the third quarter worth about $230,000. Northern Trust Corp raised its stake in QuickLogic by 35.7% in the second quarter. Northern Trust Corp now owns 230,594 shares of the semiconductor company’s stock worth $266,000 after buying an additional 60,658 shares in the last quarter. Bridgeway Capital Management Inc. raised its stake in QuickLogic by 124.0% in the third quarter. Bridgeway Capital Management Inc. now owns 234,800 shares of the semiconductor company’s stock worth $235,000 after buying an additional 130,000 shares in the last quarter. Strategic Wealth Advisors Group LLC bought a new position in shares of QuickLogic during the third quarter valued at approximately $264,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of QuickLogic by 16.4% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 387,184 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 54,465 shares in the last quarter. 23.50% of the stock is owned by institutional investors.
Shares of QuickLogic stock traded up $0.01 during trading on Monday, reaching $0.92. 158,111 shares of the stock were exchanged, compared to its average volume of 162,337. QuickLogic has a 1 year low of $0.56 and a 1 year high of $2.22. The firm has a market cap of $89.35 million, a P/E ratio of -5.11 and a beta of 0.26. The company has a current ratio of 2.39, a quick ratio of 2.07 and a debt-to-equity ratio of 0.01.
QuickLogic (NASDAQ:QUIK) last released its quarterly earnings results on Wednesday, November 7th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.03). QuickLogic had a negative net margin of 114.11% and a negative return on equity of 79.85%. The company had revenue of $3.51 million during the quarter, compared to the consensus estimate of $3.50 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. Research analysts forecast that QuickLogic will post -0.14 earnings per share for the current fiscal year.
QuickLogic Company Profile
QuickLogic Corporation, a semiconductor company, designs, markets, and supports silicon solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. The company also provides Field Programmable Gate Arrays (FPGAs), software drivers, and associated design software and programming hardware, as well as eFPGA intellectual property (IP), such as ArcticPro and ArcticPro 2.
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