QuickLogic Co. (NASDAQ:QUIK) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of QuickLogic Co. (NASDAQ:QUIK) by 7.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 42,181 shares of the semiconductor company’s stock after buying an additional 3,091 shares during the period. Raymond James & Associates’ holdings in QuickLogic were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in QuickLogic during the third quarter worth approximately $26,000. Quadrature Capital Ltd acquired a new position in QuickLogic in the 3rd quarter worth approximately $111,000. Finally, EAM Investors LLC boosted its stake in QuickLogic by 17.0% in 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. Institutional investors and hedge funds own 31.54% of the company’s stock.

Insider Activity

In other QuickLogic news, Director Russell Christine sold 4,444 shares of the business’s 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 transaction, the director now directly owns 3,717 shares in the company, valued at $62,222.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other QuickLogic news, Director Russell Christine sold 4,444 shares of the business’s 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 transaction, the director now directly owns 3,717 shares in the company, valued at $62,222.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Timothy Saxe sold 1,974 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.54, for a total transaction of $30,675.96. Following the completion of the transaction, the vice president now owns 124,136 shares in the company, valued at $1,929,073.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,702 shares of company stock worth $350,482. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

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

QuickLogic Stock Performance

NASDAQ:QUIK opened at $13.13 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.17. The firm’s 50-day moving average is $14.81 and its 200-day moving average is $12.86. QuickLogic Co. has a 52-week low of $5.09 and a 52-week high of $20.75. The company has a market cap of $188.81 million, a price-to-earnings ratio of -328.17 and a beta of 1.63.

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

QuickLogic 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.