QuickLogic (QUIK) Posts Earnings Results, Hits Expectations

QuickLogic (NASDAQ:QUIK) posted its earnings results on Wednesday. The semiconductor company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04), Bloomberg Earnings reports. QuickLogic had a negative net margin of 120.37% and a negative return on equity of 76.28%. During the same quarter in the prior year, the firm posted ($0.05) EPS.

QuickLogic (NASDAQ:QUIK) traded up $0.12 during trading hours on Wednesday, reaching $2.10. 484,170 shares of the company traded hands, compared to its average volume of 317,967. 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 has a twelve month low of $1.15 and a twelve month high of $2.48. The firm has a market cap of $169.58, a P/E ratio of -10.50 and a beta of 0.12.

An institutional investor recently raised its position in QuickLogic stock. Northern Trust Corp grew its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 20.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,105 shares of the semiconductor company’s stock after purchasing an additional 26,599 shares during the quarter. Northern Trust Corp owned about 0.20% of QuickLogic worth $232,000 as of its most recent SEC filing. 21.73% of the stock is owned by institutional investors.

Several research firms recently commented on QUIK. Zacks Investment Research downgraded shares of QuickLogic from a “buy” rating to a “hold” rating and set a $2.00 target price on the stock. in a research report on Thursday, January 4th. Roth Capital reiterated a “buy” rating and set a $2.50 target price (up from $2.00) on shares of QuickLogic in a research report on Friday, January 19th.

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About QuickLogic

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).

Earnings History for QuickLogic (NASDAQ:QUIK)

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