QuickLogic (NASDAQ:QUIK) Share Price Passes Above 200-Day Moving Average – What’s Next?

QuickLogic Corporation (NASDAQ:QUIK) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.44 and traded as high as $7.18. QuickLogic shares last traded at $6.68, with a volume of 96,923 shares trading hands.

Analyst Upgrades and Downgrades

QUIK has been the topic of a number of recent analyst reports. Northland Securities cut shares of QuickLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.00.

QuickLogic Stock Down 5.8%

The firm has a market capitalization of $114.16 million, a price-to-earnings ratio of -11.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.18 and a quick ratio of 1.14. The business has a fifty day moving average price of $6.97 and a two-hundred day moving average price of $6.44.

QuickLogic (NASDAQ:QUIK) last issued its earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. QuickLogic had a negative return on equity of 33.71% and a negative net margin of 58.26%.The firm had revenue of $2.03 million for the quarter, compared to analyst estimates of $2.05 million. On average, equities analysts expect that QuickLogic Corporation will post -0.29 earnings per share for the current year.

Insider Activity

In related news, CFO Elias Nader sold 10,813 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $6.36, for a total transaction of $68,770.68. Following the completion of the transaction, the chief financial officer directly owned 71,193 shares in the company, valued at $452,787.48. The trade was a 13.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 17,500 shares of company stock worth $110,579 over the last three months. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On QuickLogic

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in shares of QuickLogic by 246.5% in the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after buying an additional 4,902 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in QuickLogic in the second quarter valued at approximately $66,000. Stratos Wealth Advisors LLC purchased a new stake in QuickLogic in the 3rd quarter worth approximately $71,000. Jane Street Group LLC purchased a new stake in QuickLogic in the 1st quarter worth approximately $87,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of QuickLogic during the 2nd quarter worth approximately $96,000. Hedge funds and other institutional investors own 31.54% of the company’s stock.

QuickLogic Company Profile

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.