QuickLogic Corporation (NASDAQ:QUIK) Receives $10.87 Consensus Target Price from Analysts

QuickLogic Corporation (NASDAQ:QUIK) has earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.8667.

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of QuickLogic in a research note on Saturday, September 27th. Wall Street Zen lowered shares of QuickLogic from a “hold” rating to a “sell” rating in a report on Saturday, August 16th.

QuickLogic Stock Performance

QUIK opened at $6.10 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.27 and a quick ratio of 1.23. The firm has a fifty day moving average price of $5.75 and a 200 day moving average price of $5.69. QuickLogic has a 1 year low of $4.26 and a 1 year high of $13.36. The stock has a market cap of $100.20 million, a P/E ratio of -12.98 and a beta of 0.76.

Insider Buying and Selling

In related news, VP Timothy Saxe sold 9,155 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $5.80, for a total value of $53,099.00. Following the completion of the sale, the vice president owned 125,916 shares of the company’s stock, valued at approximately $730,312.80. The trade was a 6.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian C. Faith sold 14,956 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $5.80, for a total transaction of $86,744.80. Following the completion of the sale, the chief executive officer directly owned 228,412 shares of the company’s stock, valued at approximately $1,324,789.60. The trade was a 6.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,836 shares of company stock valued at $189,133. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuickLogic

Several institutional investors and hedge funds have recently added to or reduced their stakes in QUIK. Bank of America Corp DE raised its position in shares of QuickLogic by 40.5% in the fourth quarter. Bank of America Corp DE now owns 13,091 shares of the semiconductor company’s stock valued at $148,000 after buying an additional 3,773 shares during the last quarter. GAMMA Investing LLC raised its position in shares of QuickLogic by 5,920.0% in 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 during the last quarter. 1492 Capital Management LLC acquired a new stake in shares of QuickLogic in the first quarter valued at about $784,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of QuickLogic by 111.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 41,948 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 22,083 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of QuickLogic by 94.2% in the first quarter. Deutsche Bank AG now owns 138,372 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 67,110 shares during the last quarter. Hedge funds and other institutional investors 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.