QuickLogic (NASDAQ:QUIK) Earns Buy Rating from Roth Capital

Roth Capital reissued their buy rating on shares of QuickLogic (NASDAQ:QUIK) in a report issued on Friday, January 19th, MarketBeat.com reports. They currently have a $2.50 target price on the semiconductor company’s stock, up from their prior target price of $2.00.

Separately, Zacks Investment Research raised shares of QuickLogic from a sell rating to a hold rating in a research note on Wednesday, October 11th.

QuickLogic (NASDAQ:QUIK) traded up $0.12 on Friday, hitting $2.10. 484,170 shares of the stock were exchanged, compared to its average volume of 317,967. QuickLogic has a 12-month low of $1.15 and a 12-month high of $2.48. The stock has a market cap of $169.58, a price-to-earnings ratio of -10.50 and a beta of 0.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.61 and a quick ratio of 2.27.

QuickLogic (NASDAQ:QUIK) last announced its earnings results on Wednesday, February 14th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). QuickLogic had a negative net margin of 120.37% and a negative return on equity of 76.28%. During the same period last year, the firm earned ($0.05) earnings per share. research analysts forecast that QuickLogic will post -0.17 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Firsthand Capital Management Inc. raised its stake in shares of QuickLogic by 9.1% during the fourth quarter. Firsthand Capital Management Inc. now owns 1,200,000 shares of the semiconductor company’s stock valued at $2,088,000 after acquiring an additional 100,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of QuickLogic by 185.7% during the fourth quarter. Wells Fargo & Company MN now owns 78,171 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 50,813 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of QuickLogic by 87.0% during the fourth quarter. Private Advisor Group LLC now owns 63,065 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 29,342 shares during the last quarter. Taylor Frigon Capital Management LLC bought a new position in shares of QuickLogic during the fourth quarter valued at about $4,128,000. Finally, Adirondack Research & Management Inc. raised its stake in shares of QuickLogic by 44.8% during the third quarter. Adirondack Research & Management Inc. now owns 404,522 shares of the semiconductor company’s stock valued at $680,000 after acquiring an additional 125,222 shares during the last quarter. 21.73% of the stock is owned by hedge funds and other institutional investors.

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QuickLogic Company Profile

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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