Shares of QuickLogic Co. (NASDAQ:QUIK) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $2.50 for the company and are expecting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given QuickLogic an industry rank of 157 out of 265 based on the ratings given to related companies.
QUIK has been the topic of several research reports. Roth Capital reaffirmed a “buy” rating and issued a $2.50 price objective (up from $2.00) on shares of QuickLogic in a research report on Friday, January 19th. ValuEngine cut shares of QuickLogic from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC bought a new stake in QuickLogic in the 4th quarter valued at $4,128,000. Private Advisor Group LLC lifted its position in QuickLogic by 87.0% during the 4th quarter. Private Advisor Group LLC now owns 63,065 shares of the semiconductor company’s stock worth $120,000 after buying an additional 29,342 shares in the last quarter. Firsthand Capital Management Inc. lifted its position in QuickLogic by 9.1% during the 4th quarter. Firsthand Capital Management Inc. now owns 1,200,000 shares of the semiconductor company’s stock worth $2,088,000 after buying an additional 100,000 shares in the last quarter. Paulson Wealth Management Inc. lifted its position in QuickLogic by 766.3% during the 1st quarter. Paulson Wealth Management Inc. now owns 225,246 shares of the semiconductor company’s stock worth $342,000 after buying an additional 199,246 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in QuickLogic by 185.7% during the 4th quarter. Wells Fargo & Company MN now owns 78,171 shares of the semiconductor company’s stock worth $136,000 after buying an additional 50,813 shares in the last quarter. 23.10% of the stock is currently owned by institutional investors and hedge funds.
QUIK opened at $1.69 on Friday. The firm has a market capitalization of $127.47 million, a P/E ratio of -9.39 and a beta of 0.38. QuickLogic has a 12 month low of $1.64 and a 12 month high of $1.70. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02.
QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Wednesday, May 9th. The semiconductor company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $2.76 million for the quarter, compared to analysts’ expectations of $3.00 million. QuickLogic had a negative net margin of 123.78% and a negative return on equity of 89.49%. During the same period in the previous year, the firm posted ($0.05) EPS. equities analysts forecast that QuickLogic will post -0.13 EPS for the current year.
QuickLogic Corporation, a semiconductor company, designs, markets, and supports silicon solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. The company also provides Field Programmable Gate Arrays (FPGAs), software drivers, and associated design software and programming hardware, as well as eFPGA intellectual property (IP), such as ArcticPro and ArcticPro 2.
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