QuickLogic (NASDAQ:QUIK) Share Price Passes Above 200 Day Moving Average – Should You Sell?

QuickLogic Corporation (NASDAQ:QUIK) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.30 and traded as high as $8.50. QuickLogic shares last traded at $8.44, with a volume of 295,895 shares changing hands.

Analyst Upgrades and Downgrades

QUIK has been the subject of a number of recent analyst reports. Northland Securities downgraded QuickLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 12th. Northland Capmk downgraded shares of QuickLogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.00.

QuickLogic Stock Performance

The company’s fifty day moving average is $6.49 and its 200 day moving average is $6.30. The company has a market capitalization of $144.24 million, a P/E ratio of -14.81 and a beta of 0.79. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02.

QuickLogic (NASDAQ:QUIK) last issued its earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The business had revenue of $2.03 million for the quarter, compared to analysts’ expectations of $2.05 million. QuickLogic had a negative net margin of 58.26% and a negative return on equity of 33.71%. As a group, equities analysts anticipate that QuickLogic Corporation will post -0.29 earnings per share for the current year.

Insider Transactions at QuickLogic

In other QuickLogic news, CFO Elias Nader sold 5,687 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $6.30, for a total value of $35,828.10. Following the completion of the transaction, the chief financial officer owned 65,506 shares in the company, valued at $412,687.80. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 17,500 shares of company stock worth $110,579. Corporate insiders own 1.50% 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 company. Tower Research Capital LLC TRC boosted its position in shares of QuickLogic by 246.5% in the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 4,902 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in QuickLogic in the 2nd quarter valued at $66,000. Stratos Wealth Advisors LLC purchased a new position in shares of QuickLogic during the 3rd quarter valued at $71,000. Jane Street Group LLC bought a new position in shares of QuickLogic in the first quarter worth $87,000. Finally, Prospera Financial Services Inc bought a new position in shares of QuickLogic in the second quarter worth $96,000. 31.54% of the stock is owned by hedge funds and other institutional investors.

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.