QuickLogic (NASDAQ:QUIK) Director Michael Farese Sells 4,000 Shares

QuickLogic Corporation (NASDAQ:QUIK) Director Michael Farese sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $10.31, for a total transaction of $41,240.00. Following the transaction, the director directly owned 35,340 shares of the company’s stock, valued at approximately $364,355.40. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuickLogic Trading Up 0.4%

Shares of QUIK opened at $9.94 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $8.43 and a 200-day simple moving average of $7.31. QuickLogic Corporation has a 1-year low of $4.32 and a 1-year high of $10.36. The stock has a market cap of $176.14 million, a price-to-earnings ratio of -11.04 and a beta of 0.59.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings data on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $3.73 million for the quarter, compared to analysts’ expectations of $3.50 million. QuickLogic had a negative return on equity of 47.54% and a negative net margin of 107.70%. Equities analysts forecast that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.

Institutional Trading of QuickLogic

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of QuickLogic during the 4th quarter worth about $166,000. Captrust Financial Advisors grew its holdings in shares of QuickLogic by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 35,618 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 1,547 shares during the period. Squarepoint Ops LLC purchased a new stake in QuickLogic during the 4th quarter worth $84,000. State Street Corp boosted its position in QuickLogic by 5.0% during the 4th quarter. State Street Corp now owns 65,056 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 3,100 shares during the period. Finally, Jane Street Group LLC boosted its position in QuickLogic by 245.2% during the 4th quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company’s stock worth $288,000 after purchasing an additional 34,029 shares during the period. Hedge funds and other institutional investors own 31.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on QUIK shares. Lake Street Capital started coverage on shares of QuickLogic in a research note on Monday, February 9th. They issued a “buy” rating and a $10.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, QuickLogic has a consensus rating of “Hold” and an average price target of $10.50.

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.