QuickLogic Co. (NASDAQ:QUIK – Get 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:QUIK – Get 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.
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.
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