QuickLogic (NASDAQ:QUIK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “QuickLogic Corporation is a semiconductor provider of ultra-low power, comprehensive, flexible sensor processing solutions enabling significantly longer battery life for the Smartphone, Wearable, and IoT markets. They are the only company integrating multi-core processing, programmable logic, sensor fusion and context aware algorithms, and embedded software. QuickLogic accelerates the pace of innovation for always-on motion, light, environmental, location, and voice-enabled user experiences. “
Separately, ValuEngine upgraded QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st.
QuickLogic stock opened at $0.97 on Wednesday. The firm has a market capitalization of $92.33 million, a P/E ratio of -5.39 and a beta of -0.09. QuickLogic has a 52 week low of $0.78 and a 52 week high of $2.22. The company has a quick ratio of 2.07, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.
QuickLogic (NASDAQ:QUIK) last released its earnings results on Wednesday, November 7th. The semiconductor company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The firm had revenue of $3.51 million during the quarter, compared to analyst estimates of $3.50 million. QuickLogic had a negative return on equity of 79.85% and a negative net margin of 114.11%. During the same period in the prior year, the firm posted ($0.04) earnings per share. Research analysts predict that QuickLogic will post -0.14 EPS for the current year.
Large investors have recently made changes to their positions in the business. Strategic Wealth Advisors Group LLC acquired a new stake in QuickLogic during the third quarter worth about $264,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in QuickLogic by 16.4% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 387,184 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 54,465 shares during the last quarter. Worth Venture Partners LLC acquired a new stake in QuickLogic during the third quarter worth about $230,000. Bridgeway Capital Management Inc. increased its stake in QuickLogic by 124.0% during the third quarter. Bridgeway Capital Management Inc. now owns 234,800 shares of the semiconductor company’s stock worth $235,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Northern Trust Corp increased its stake in QuickLogic by 35.7% during the second quarter. Northern Trust Corp now owns 230,594 shares of the semiconductor company’s stock worth $266,000 after acquiring an additional 60,658 shares during the last quarter. Institutional investors own 23.50% of the company’s stock.
QuickLogic Company Profile
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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