QuickLogic (NASDAQ:QUIK) had its price objective decreased by Craig Hallum from $14.00 to $8.50 in a research report sent to investors on Thursday morning, The Fly reports. Craig Hallum currently has an in-line rating on the semiconductor company’s stock.
Other equities research analysts have also issued reports about the stock. Roth Capital raised their price target on shares of QuickLogic to and gave the company a neutral rating in a report on Monday, January 13th. Zacks Investment Research lowered shares of QuickLogic from a hold rating to a sell rating in a report on Thursday, February 6th. ValuEngine raised shares of QuickLogic from a buy rating to a strong-buy rating in a report on Tuesday, February 4th. Finally, Oppenheimer lowered their price target on shares of QuickLogic from $14.00 to $1.00 and set an outperform rating for the company in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. QuickLogic currently has an average rating of Buy and a consensus price target of $8.00.
Shares of QUIK stock traded up $0.12 during mid-day trading on Thursday, reaching $6.01. The company’s stock had a trading volume of 35,811 shares, compared to its average volume of 99,382. The company’s 50 day simple moving average is $6.62 and its 200-day simple moving average is $1.96. QuickLogic has a 12-month low of $2.81 and a 12-month high of $13.86. 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 firm has a market capitalization of $55.99 million, a PE ratio of -2.68 and a beta of 0.43.
QuickLogic (NASDAQ:QUIK) last issued its earnings results on Wednesday, February 12th. The semiconductor company reported ($0.29) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.02. QuickLogic had a negative net margin of 144.73% and a negative return on equity of 85.41%. The business had revenue of $2.87 million for the quarter, compared to the consensus estimate of $2.90 million. During the same quarter last year, the firm posted ($0.42) EPS. As a group, research analysts anticipate that QuickLogic will post -2.06 EPS for the current fiscal year.
A hedge fund recently raised its stake in QuickLogic stock. Vanguard Group Inc. boosted its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,167,499 shares of the semiconductor company’s stock after purchasing an additional 385,317 shares during the period. Vanguard Group Inc. owned approximately 3.59% of QuickLogic worth $2,398,000 at the end of the most recent reporting period.
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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