QuickLogic Co. (NASDAQ:QUIK) CEO Brian C. Faith Sells 2,810 Shares

QuickLogic Co. (NASDAQ:QUIK) CEO Brian C. Faith sold 2,810 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $15.54, for a total transaction of $43,667.40. Following the transaction, the chief executive officer now owns 192,393 shares of the company’s stock, valued at approximately $2,989,787.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

QuickLogic Stock Down 2.0 %

QUIK stock traded down $0.31 during midday trading on Thursday, hitting $14.82. 248,302 shares of the stock traded hands, compared to its average volume of 257,450. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. QuickLogic Co. has a 1-year low of $5.09 and a 1-year high of $20.75. The stock’s fifty day simple moving average is $14.59 and its 200-day simple moving average is $12.38.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $7.48 million for the quarter, compared to the consensus estimate of $7.40 million. QuickLogic had a negative net margin of 1.24% and a negative return on equity of 1.85%. As a group, analysts anticipate that QuickLogic Co. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QUIK. TheStreet raised shares of QuickLogic from a “d” rating to a “c” rating in a research note on Thursday, February 29th. StockNews.com raised shares of QuickLogic from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $16.00 price objective (up previously from $12.00) on shares of QuickLogic in a research note on Wednesday, February 28th.

Hedge Funds Weigh In On QuickLogic

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd lifted its stake in shares of QuickLogic by 188.9% in the fourth quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company’s stock worth $515,000 after buying an additional 24,347 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of QuickLogic by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 809,529 shares of the semiconductor company’s stock worth $11,220,000 after buying an additional 16,372 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of QuickLogic in the fourth quarter worth about $306,000. Barclays PLC lifted its stake in shares of QuickLogic by 338.4% in the fourth quarter. Barclays PLC now owns 12,401 shares of the semiconductor company’s stock worth $172,000 after buying an additional 9,572 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of QuickLogic in the fourth quarter worth about $201,000. 31.54% of the stock is owned by hedge funds and other institutional investors.

QuickLogic Company Profile

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.