QuickLogic (NASDAQ:QUIK) Stock Price Crosses Above Two Hundred Day Moving Average of $5.73

Shares of QuickLogic Co. (NASDAQ:QUIK – Get Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.73 and traded as high as $5.85. QuickLogic shares last traded at $5.66, with a volume of 22,726 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of QuickLogic in a research note on Friday. They set a “hold” rating for the company.

QuickLogic Stock Performance

The firm has a market cap of $77.49 million, a P/E ratio of -17.15 and a beta of 1.53. The stock’s 50 day simple moving average is $5.64 and its 200 day simple moving average is $5.73.

QuickLogic (NASDAQ:QUIK – Get Rating) last announced its quarterly earnings results on Monday, February 27th. The semiconductor company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The business had revenue of $4.08 million during the quarter, compared to analyst estimates of $4.35 million. QuickLogic had a negative net margin of 26.71% and a negative return on equity of 36.19%. As a group, analysts forecast that QuickLogic Co. will post -0.23 EPS for the current fiscal year.

Institutional Trading of QuickLogic

Several institutional investors have recently made changes to their positions in QUIK. Advisor Group Holdings Inc. grew its stake in shares of QuickLogic by 5.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 39,506 shares of the semiconductor company’s stock worth $216,000 after acquiring an additional 1,993 shares in the last quarter. State Street Corp grew its position in QuickLogic by 10.4% during the first quarter. State Street Corp now owns 31,681 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 2,973 shares during the period. Herald Investment Management Ltd grew its position in QuickLogic by 84.6% during the third quarter. Herald Investment Management Ltd now owns 332,279 shares of the semiconductor company’s stock valued at $2,149,000 after buying an additional 152,279 shares during the period. UBS Group AG grew its position in QuickLogic by 7.9% during the third quarter. UBS Group AG now owns 37,474 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 2,738 shares during the period. Finally, Vanguard Group Inc. grew its position in QuickLogic by 2.2% during the third quarter. Vanguard Group Inc. now owns 503,703 shares of the semiconductor company’s stock valued at $3,259,000 after buying an additional 10,677 shares during the period. Institutional investors own 22.26% of the company’s stock.

QuickLogic Company Profile

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QuickLogic Corp. operates as a semiconductor company, which designs, markets, and supports primarily Customer Specific Standard Products and secondarily, Field Programmable Gate Arrays, sensor software algorithms, software drivers, associated design software and programming hardware. It develops and markets low power customizable semiconductor and software algorithm solutions that enable customers to differentiate their products by adding new features, extending battery life, becoming more contextually aware and improving the visual experience with their mobile, consumer and enterprise products.