QuickLogic (NASDAQ:QUIK) CFO Elias Nader Sells 12,152 Shares

QuickLogic Corporation (NASDAQ:QUIK) CFO Elias Nader sold 12,152 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $10.80, for a total transaction of $131,241.60. Following the sale, the chief financial officer owned 82,255 shares of the company’s stock, valued at $888,354. This trade represents a 12.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

QuickLogic Stock Down 4.5%

QuickLogic stock opened at $10.33 on Tuesday. QuickLogic Corporation has a 1-year low of $5.28 and a 1-year high of $24.33. The firm has a market capitalization of $189.25 million, a price-to-earnings ratio of -13.42 and a beta of 1.20. The firm’s fifty day moving average price is $12.62 and its two-hundred day moving average price is $14.22. The company has a current ratio of 2.15, a quick ratio of 2.06 and a debt-to-equity ratio of 0.03.

QuickLogic (NASDAQ:QUIK) last posted its earnings results on Tuesday, August 11th. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). QuickLogic had a negative return on equity of 45.22% and a negative net margin of 80.18%.The business had revenue of $5.48 million for the quarter, compared to the consensus estimate of $6.00 million. On average, equities research analysts predict that QuickLogic Corporation will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QUIK has been the subject of a number of recent research reports. Needham & Company LLC decreased their price objective on QuickLogic from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUIK. California State Teachers Retirement System purchased a new stake in QuickLogic in the 2nd quarter valued at about $91,000. Bank of New York Mellon Corp bought a new position in shares of QuickLogic during the 2nd quarter worth approximately $754,000. Bank of America Corp DE boosted its stake in shares of QuickLogic by 382.8% in the 1st quarter. Bank of America Corp DE now owns 28,771 shares of the semiconductor company’s stock worth $270,000 after buying an additional 22,812 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of QuickLogic by 14,694.5% in the 1st quarter. Royal Bank of Canada now owns 348,115 shares of the semiconductor company’s stock worth $3,266,000 after buying an additional 345,762 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of QuickLogic in the first quarter valued at approximately $151,000. 31.54% of the stock is currently 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.