Vanguard Personalized Indexing Management LLC Buys Shares of 10,721 QuickLogic Corporation $QUIK

Vanguard Personalized Indexing Management LLC acquired a new stake in QuickLogic Corporation (NASDAQ:QUIK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,721 shares of the semiconductor company’s stock, valued at approximately $66,000. Vanguard Personalized Indexing Management LLC owned approximately 0.07% of QuickLogic as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. 1492 Capital Management LLC acquired a new position in QuickLogic in the 1st 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. Deutsche Bank AG lifted its stake in shares of QuickLogic by 94.2% during 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 period. Nuveen LLC acquired a new stake in QuickLogic during the first quarter worth approximately $95,000. Finally, Sprott Inc. grew its stake in QuickLogic by 86.7% in the 1st quarter. Sprott Inc. now owns 28,000 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 13,000 shares during the period. Hedge funds and other institutional investors own 31.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on QUIK shares. Wall Street Zen lowered QuickLogic from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “sell (d)” rating on shares of QuickLogic in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, QuickLogic has an average rating of “Moderate Buy” and an average price target of $10.87.

Insider Transactions at QuickLogic

In other news, CFO Elias Nader sold 7,325 shares of the firm’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 $42,485.00. Following the transaction, the chief financial officer owned 82,006 shares of the company’s stock, valued at approximately $475,634.80. This trade represents a 8.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian C. Faith sold 14,956 shares of the company’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 sale, the chief executive officer directly owned 228,412 shares of the company’s stock, valued at approximately $1,324,789.60. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,836 shares of company stock valued at $189,133 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

QuickLogic Stock Up 7.7%

QUIK opened at $7.02 on Monday. QuickLogic Corporation has a 1 year low of $4.26 and a 1 year high of $13.36. The firm has a 50 day moving average price of $5.93 and a 200 day moving average price of $5.84. 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 company has a market cap of $115.34 million, a PE ratio of -14.94 and a beta of 0.76.

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.