Adirondack Research & Management Inc. increased its holdings in QuickLogic Corporation (NASDAQ:QUIK) by 44.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,522 shares of the semiconductor company’s stock after acquiring an additional 125,222 shares during the quarter. Adirondack Research & Management Inc. owned about 0.50% of QuickLogic worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in QuickLogic by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,489,572 shares of the semiconductor company’s stock valued at $5,095,000 after purchasing an additional 106,434 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of QuickLogic by 20.1% during the 2nd quarter. Northern Trust Corp now owns 159,105 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 26,599 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of QuickLogic by 10.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,489 shares of the semiconductor company’s stock valued at $116,000 after acquiring an additional 7,624 shares during the last quarter. Sei Investments Co. purchased a new position in shares of QuickLogic in the second quarter worth approximately $123,000. Finally, Creative Planning boosted its holdings in shares of QuickLogic by 18.6% in the second quarter. Creative Planning now owns 191,177 shares of the semiconductor company’s stock worth $279,000 after buying an additional 30,000 shares during the last quarter. Institutional investors own 19.01% of the company’s stock.
A number of equities analysts recently issued reports on QUIK shares. ValuEngine downgraded shares of QuickLogic from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of QuickLogic from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Roth Capital raised shares of QuickLogic from a “neutral” rating to a “buy” rating and lifted their price target for the company from $1.50 to $2.00 in a report on Monday, September 11th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. QuickLogic currently has an average rating of “Buy” and a consensus target price of $2.17.
QuickLogic Corporation (QUIK) traded down $0.05 during trading on Monday, hitting $1.58. 128,300 shares of the stock traded hands, compared to its average volume of 367,403. The company has a current ratio of 2.61, a quick ratio of 2.27 and a debt-to-equity ratio of 0.01. QuickLogic Corporation has a 52-week low of $0.89 and a 52-week high of $2.48.
QuickLogic (NASDAQ:QUIK) last released its quarterly earnings data on Wednesday, November 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). QuickLogic had a negative net margin of 120.37% and a negative return on equity of 76.28%. The firm had revenue of $2.97 million for the quarter, compared to analysts’ expectations of $3.02 million. During the same quarter last year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts anticipate that QuickLogic Corporation will post -0.17 earnings per share for the current fiscal year.
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QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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