QuickLogic (NASDAQ:QUIK) Director Sells $56,208.00 in Stock

QuickLogic Corporation (NASDAQ:QUIK) Director Michael Farese sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $11.71, for a total value of $56,208.00. Following the sale, the director directly owned 30,540 shares in the company, valued at approximately $357,623.40. This trade represents a 13.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuickLogic Stock Performance

QuickLogic stock traded up $0.51 during midday trading on Tuesday, hitting $11.79. 212,145 shares of the company were exchanged, compared to its average volume of 193,582. The firm has a market capitalization of $208.92 million, a PE ratio of -13.10 and a beta of 0.59. QuickLogic Corporation has a fifty-two week low of $4.34 and a fifty-two week high of $11.80. The business has a fifty day simple moving average of $8.68 and a two-hundred day simple moving average of $7.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.09 and a current ratio of 1.14.

QuickLogic (NASDAQ:QUIK) last posted its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). QuickLogic had a negative return on equity of 47.54% and a negative net margin of 107.70%.The company had revenue of $3.73 million for the quarter, compared to analyst estimates of $3.50 million. On average, sell-side analysts forecast that QuickLogic Corporation will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on QUIK shares. Lake Street Capital started coverage on QuickLogic in a report on Monday, February 9th. They issued a “buy” rating and a $10.00 price objective on the stock. Weiss Ratings reissued 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.50.

Institutional Trading of QuickLogic

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in 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 purchasing an additional 4,902 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in QuickLogic in the third quarter valued at approximately $71,000. Squarepoint Ops LLC acquired a new stake in shares of QuickLogic in the fourth quarter worth approximately $84,000. Dimensional Fund Advisors LP acquired a new stake in shares of QuickLogic in the fourth quarter worth approximately $102,000. Finally, Prospera Financial Services Inc boosted its stake in shares of QuickLogic by 8.9% in the third quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 1,400 shares during the last quarter. 31.54% of the stock is owned by institutional investors and hedge funds.

About QuickLogic

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.