Cadent Capital Advisors LLC Makes New Investment in QuickLogic Corporation $QUIK

Cadent Capital Advisors LLC acquired a new stake in shares of QuickLogic Corporation (NASDAQ:QUIK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 172,427 shares of the semiconductor company’s stock, valued at approximately $1,036,000. Cadent Capital Advisors LLC owned 1.01% of QuickLogic at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Investments LP acquired a new stake in shares of QuickLogic in the 3rd quarter valued at about $406,000. Heritage Financial Services LLC bought a new position in QuickLogic in the third quarter worth approximately $303,000. Qube Research & Technologies Ltd boosted its holdings in QuickLogic by 40.6% in the second quarter. Qube Research & Technologies Ltd now owns 99,576 shares of the semiconductor company’s stock worth $613,000 after acquiring an additional 28,751 shares in the last quarter. Vanguard Group Inc. grew its stake in QuickLogic by 4.6% in the third quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company’s stock valued at $3,975,000 after acquiring an additional 28,587 shares during the period. Finally, XTX Topco Ltd acquired a new stake in QuickLogic in the second quarter valued at approximately $171,000. Institutional investors own 31.54% of the company’s stock.

QuickLogic Price Performance

QUIK stock opened at $9.62 on Friday. 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 has a 50-day simple moving average of $8.25 and a two-hundred day simple moving average of $7.06. The company has a market capitalization of $164.41 million, a P/E ratio of -10.69 and a beta of 0.60. QuickLogic Corporation has a 52-week low of $4.26 and a 52-week high of $10.20.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings data on Tuesday, March 3rd. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $3.73 million during the quarter, compared to analysts’ expectations of $3.50 million. QuickLogic had a negative return on equity of 45.83% and a negative net margin of 107.70%. Research analysts expect that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on QUIK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a research report on Monday, December 29th. Lake Street Capital began coverage on shares of QuickLogic in a research note on Monday, February 9th. They set a “buy” rating and a $10.00 price target for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.50.

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.