QuickLogic (NASDAQ:QUIK) had its price target boosted by Roth Capital to in a research report released on Monday, The Fly reports. Roth Capital currently has a neutral rating on the semiconductor company’s stock.
QUIK has been the subject of a number of other research reports. ValuEngine raised QuickLogic from a hold rating to a buy rating in a research report on Friday, January 3rd. Zacks Investment Research lowered QuickLogic from a strong-buy rating to a hold rating in a research report on Wednesday, January 8th. Finally, Oppenheimer reduced their target price on QuickLogic from $14.00 to $1.00 and set an outperform rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $7.83.
QUIK stock opened at $7.87 on Monday. QuickLogic has a twelve month low of $2.81 and a twelve month high of $16.66. The company has a quick ratio of 1.52, a current ratio of 1.71 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $3.10 and a 200 day moving average of $1.07.
QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported ($0.42) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.14. QuickLogic had a negative return on equity of 85.41% and a negative net margin of 144.73%. The company had revenue of $2.16 million during the quarter, compared to analyst estimates of $2.10 million. During the same quarter last year, the company earned ($0.42) EPS. As a group, sell-side analysts expect that QuickLogic will post -1.63 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of QuickLogic by 38.4% in the 2nd quarter. Wells Fargo & Company MN now owns 148,430 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 41,219 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of QuickLogic by 731.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 66,431 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 58,438 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of QuickLogic by 10.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,167,499 shares of the semiconductor company’s stock worth $2,398,000 after purchasing an additional 385,317 shares in the last quarter. Finally, Worth Venture Partners LLC increased its holdings in shares of QuickLogic by 797.2% in the 2nd quarter. Worth Venture Partners LLC now owns 1,131,341 shares of the semiconductor company’s stock worth $651,000 after purchasing an additional 1,005,247 shares in the last quarter.
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.
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