QuickLogic (NASDAQ:QUIK) Stock Crosses Above 200-Day Moving Average of $12.59

QuickLogic Co. (NASDAQ:QUIK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.59 and traded as high as $13.93. QuickLogic shares last traded at $13.86, with a volume of 180,763 shares changing hands.

Analysts Set New Price Targets

QUIK has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and set a $16.00 price objective (up from $12.00) on shares of QuickLogic in a research note on Wednesday, February 28th. StockNews.com raised QuickLogic from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, TheStreet raised QuickLogic from a “d” rating to a “c” rating in a research note on Thursday, February 29th.

QuickLogic Stock Up 0.2 %

The firm’s 50 day moving average is $14.77 and its 200-day moving average is $12.59. The firm has a market cap of $199.31 million, a PE ratio of -346.41 and a beta of 1.63. 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 (NASDAQ:QUIK) last issued its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. QuickLogic had a negative return on equity of 1.85% and a negative net margin of 1.24%. The company had revenue of $7.48 million for the quarter, compared to analyst estimates of $7.40 million. As a group, equities research analysts expect that QuickLogic Co. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Russell Christine sold 4,444 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $16.74, for a total value of $74,392.56. Following the sale, the director now directly owns 3,717 shares of the company’s stock, valued at $62,222.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other QuickLogic news, CEO Brian C. Faith sold 2,810 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.54, for a total transaction of $43,667.40. Following the completion of the sale, the chief executive officer now directly owns 192,393 shares in the company, valued at $2,989,787.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Russell Christine sold 4,444 shares of QuickLogic stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $16.74, for a total value of $74,392.56. Following the completion of the transaction, the director now directly owns 3,717 shares in the company, valued at $62,222.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,702 shares of company stock worth $350,482. 1.70% of the stock is owned by company insiders.

Institutional Trading of QuickLogic

A number of institutional investors and hedge funds have recently bought and sold shares of QUIK. Vanguard Group Inc. grew its stake in QuickLogic by 2.1% during 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 during the period. EAM Investors LLC boosted its position in QuickLogic by 17.0% during the 3rd quarter. EAM Investors LLC now owns 167,485 shares of the semiconductor company’s stock worth $1,440,000 after purchasing an additional 24,316 shares during the period. BlackRock Inc. increased its holdings in QuickLogic by 3.5% in the 2nd quarter. BlackRock Inc. now owns 135,766 shares of the semiconductor company’s stock valued at $1,248,000 after purchasing an additional 4,622 shares in the last quarter. Geode Capital Management LLC raised its position in QuickLogic by 16.5% in the second quarter. Geode Capital Management LLC now owns 118,464 shares of the semiconductor company’s stock valued at $1,089,000 after purchasing an additional 16,750 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of QuickLogic by 108.2% during the second quarter. Osaic Holdings Inc. now owns 58,092 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 30,194 shares in the last quarter. Institutional investors and hedge funds own 31.54% of the company’s stock.

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.