Brian C. Faith Sells 9,156 Shares of QuickLogic Co. (NASDAQ:QUIK) Stock

QuickLogic Co. (NASDAQ:QUIKGet Rating) CEO Brian C. Faith sold 9,156 shares of QuickLogic stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $4.85, for a total value of $44,406.60. Following the sale, the chief executive officer now directly owns 125,819 shares in the company, valued at approximately $610,222.15. The sale was disclosed in a document filed with the SEC, which is available at this link.

QUIK stock traded down $0.20 during trading on Monday, hitting $4.91. The company had a trading volume of 10,582 shares, compared to its average volume of 36,932. The company has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $5.41. The company has a market cap of $60.70 million, a P/E ratio of -8.61 and a beta of 2.28. QuickLogic Co. has a fifty-two week low of $4.25 and a fifty-two week high of $8.00.

QuickLogic (NASDAQ:QUIKGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The semiconductor company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The business had revenue of $3.71 million for the quarter, compared to analyst estimates of $3.90 million. QuickLogic had a negative return on equity of 68.80% and a negative net margin of 52.16%. During the same quarter in the previous year, the firm earned ($0.26) EPS. As a group, analysts expect that QuickLogic Co. will post -0.24 earnings per share for the current year.

QUIK has been the topic of several recent research reports. StockNews.com initiated coverage on QuickLogic in a report on Tuesday, April 19th. They set a “hold” rating on the stock. Zacks Investment Research lowered QuickLogic from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th.

A number of hedge funds have recently made changes to their positions in QUIK. Morgan Stanley raised its position in QuickLogic by 40.1% in the 1st quarter. Morgan Stanley now owns 6,647 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 1,904 shares during the last quarter. Envestnet Asset Management Inc. raised its position in QuickLogic by 14.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 25,452 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 3,240 shares during the last quarter. BlackRock Inc. raised its position in QuickLogic by 2.6% in the 4th quarter. BlackRock Inc. now owns 136,832 shares of the semiconductor company’s stock valued at $699,000 after purchasing an additional 3,452 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of QuickLogic by 10.6% during the third quarter. Advisor Group Holdings Inc. now owns 36,528 shares of the semiconductor company’s stock worth $196,000 after acquiring an additional 3,508 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC raised its position in shares of QuickLogic by 0.6% during the first quarter. Taylor Frigon Capital Management LLC now owns 724,481 shares of the semiconductor company’s stock worth $3,985,000 after acquiring an additional 3,993 shares during the last quarter. 21.76% of the stock is currently owned by institutional investors and hedge funds.

QuickLogic Company Profile (Get Rating)

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions.

Featured Stories

Insider Buying and Selling by Quarter for QuickLogic (NASDAQ:QUIK)

Receive News & Ratings for QuickLogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuickLogic and related companies with MarketBeat.com's FREE daily email newsletter.