Analysts Set QuickLogic Corporation (NASDAQ:QUIK) PT at $10.87

Shares of QuickLogic Corporation (NASDAQ:QUIK) have received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.8667.

A number of equities analysts recently issued reports on QUIK shares. Wall Street Zen cut shares of QuickLogic from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of QuickLogic in a research note on Wednesday, October 8th.

Insider Activity at QuickLogic

In other QuickLogic news, CEO Brian C. Faith sold 14,956 shares of the 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 in the company, valued at approximately $1,324,789.60. This trade represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Timothy Saxe sold 9,155 shares of the company’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 transaction, the vice president directly owned 125,916 shares in the company, valued at approximately $730,312.80. The trade was a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 32,836 shares of company stock valued at $189,133. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On QuickLogic

A number of institutional investors and hedge funds have recently modified their holdings of the company. 1492 Capital Management LLC bought a new stake in shares of QuickLogic in the first quarter worth $784,000. Skandinaviska Enskilda Banken AB publ boosted its position in QuickLogic by 111.2% in the first 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 during the last quarter. Deutsche Bank AG boosted its position in QuickLogic by 94.2% in the first quarter. Deutsche Bank AG now owns 138,372 shares of the semiconductor company’s stock worth $707,000 after purchasing an additional 67,110 shares during the last quarter. Nuveen LLC bought a new stake in shares of QuickLogic during the 1st quarter valued at about $95,000. Finally, Sprott Inc. increased its position in shares of QuickLogic by 86.7% during the 1st quarter. Sprott Inc. now owns 28,000 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 13,000 shares during the last quarter. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

QuickLogic Trading Down 4.1%

NASDAQ QUIK opened at $7.10 on Tuesday. QuickLogic has a 12 month low of $4.26 and a 12 month high of $13.36. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $6.04 and its 200-day moving average price is $5.89. The stock has a market cap of $116.65 million, a P/E ratio of -15.11 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.