QuickLogic (NASDAQ:QUIK) Director Gary Tauss Sells 2,195 Shares

QuickLogic Corporation (NASDAQ:QUIK) Director Gary Tauss sold 2,195 shares of QuickLogic stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $19.20, for a total value of $42,144.00. Following the transaction, the director owned 15,908 shares of the company’s stock, valued at $305,433.60. The trade was a 12.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

QuickLogic Stock Performance

Shares of NASDAQ QUIK traded down $0.64 during trading on Monday, reaching $18.46. 816,989 shares of the company traded hands, compared to its average volume of 328,045. The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. QuickLogic Corporation has a 12-month low of $4.80 and a 12-month high of $22.69. The firm’s fifty day simple moving average is $12.45 and its 200 day simple moving average is $8.95. The stock has a market cap of $336.53 million, a P/E ratio of -20.74 and a beta of 1.11.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). QuickLogic had a negative net margin of 102.41% and a negative return on equity of 48.97%. The business had revenue of $5.05 million during the quarter, compared to analysts’ expectations of $5.51 million. As a group, research analysts anticipate that QuickLogic Corporation will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 4,902 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of QuickLogic during the third quarter worth about $71,000. Cetera Investment Advisers purchased a new position in shares of QuickLogic during the 1st quarter worth approximately $111,000. SEB Asset Management AB purchased a new stake in shares of QuickLogic in the first quarter valued at approximately $129,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of QuickLogic in the fourth quarter valued at approximately $84,000. 31.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on QUIK. Wall Street Zen raised shares of QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a report on Friday, March 27th. Finally, Lake Street Capital reiterated a “buy” rating and set a $22.00 price target (up from $11.00) on shares of QuickLogic in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

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.