Vident Advisory LLC Makes New Investment in QuickLogic Corporation $QUIK

Vident Advisory LLC bought a new stake in shares of QuickLogic Corporation (NASDAQ:QUIK) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,385 shares of the semiconductor company’s stock, valued at approximately $109,000. Vident Advisory LLC owned 0.14% of QuickLogic as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QUIK. GAMMA Investing LLC boosted its stake in QuickLogic by 5,920.0% during the first quarter. GAMMA Investing LLC now owns 6,321 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 6,216 shares in the last quarter. Bank of America Corp DE boosted its position in QuickLogic by 40.5% during the 4th quarter. Bank of America Corp DE now owns 13,091 shares of the semiconductor company’s stock worth $148,000 after acquiring an additional 3,773 shares during the period. Deutsche Bank AG boosted its position in QuickLogic by 94.2% during the 1st quarter. Deutsche Bank AG now owns 138,372 shares of the semiconductor company’s stock worth $707,000 after acquiring an additional 67,110 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in shares of QuickLogic by 111.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 41,948 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 22,083 shares in the last quarter. Finally, 1492 Capital Management LLC purchased a new stake in shares of QuickLogic during the 1st quarter worth about $784,000. 31.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on QUIK shares. Wall Street Zen downgraded QuickLogic from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Oppenheimer decreased their price objective on QuickLogic from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, QuickLogic has a consensus rating of “Buy” and a consensus target price of $10.87.

QuickLogic Trading Down 2.6%

Shares of QUIK opened at $5.27 on Thursday. The company has a market cap of $86.59 million, a price-to-earnings ratio of -11.21 and a beta of 0.74. QuickLogic Corporation has a 52-week low of $4.26 and a 52-week high of $13.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a fifty day moving average price of $5.91 and a two-hundred day moving average price of $5.72.

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.