QuickLogic (NASDAQ:QUIK) Stock Crosses Above 200-Day Moving Average – Time to Sell?

QuickLogic Corporation (NASDAQ:QUIK)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.51 and traded as high as $8.20. QuickLogic shares last traded at $8.11, with a volume of 150,298 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Northland Securities cut shares of QuickLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 12th. Lake Street Capital started coverage on QuickLogic in a report on Monday, February 9th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.50.

QuickLogic Stock Performance

The firm has a market cap of $138.60 million, a P/E ratio of -14.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.18. The business’s 50-day simple moving average is $7.21 and its 200 day simple moving average is $6.51.

Insider Buying and Selling

In other QuickLogic news, CFO Elias Nader sold 5,687 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $6.30, for a total value of $35,828.10. Following the transaction, the chief financial officer owned 65,506 shares of the company’s stock, valued at approximately $412,687.80. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 20,124 shares of company stock worth $129,157 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuickLogic

Several hedge funds and other institutional investors have recently made changes to their positions in QUIK. Cadent Capital Advisors LLC purchased a new position in shares of QuickLogic in the fourth quarter worth approximately $1,036,000. Perkins Capital Management Inc. raised its position in QuickLogic by 34.5% in the fourth quarter. Perkins Capital Management Inc. now owns 275,706 shares of the semiconductor company’s stock worth $1,657,000 after acquiring an additional 70,750 shares during the period. Two Sigma Investments LP purchased a new position in shares of QuickLogic during the 3rd quarter worth $406,000. Heritage Financial Services LLC bought a new stake in shares of QuickLogic during the 3rd quarter valued at $303,000. Finally, Jane Street Group LLC increased its stake in shares of QuickLogic by 245.2% in the 4th quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company’s stock worth $288,000 after purchasing an additional 34,029 shares in the last quarter. Hedge funds and other institutional investors own 31.54% of the company’s stock.

About QuickLogic

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.