QuickLogic Co. (NASDAQ:QUIK) Director Andrew J. Pease purchased 6,104 shares of the business’s stock in a transaction that occurred on Monday, February 22nd. The stock was bought at an average cost of $7.89 per share, with a total value of $48,160.56. Following the acquisition, the director now owns 9,410 shares of the company’s stock, valued at approximately $74,244.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
QuickLogic stock traded down $0.61 during mid-day trading on Tuesday, hitting $6.84. The company’s stock had a trading volume of 10,137 shares, compared to its average volume of 660,630. QuickLogic Co. has a 1 year low of $2.12 and a 1 year high of $12.49. The stock’s fifty day moving average is $4.91 and its two-hundred day moving average is $3.59. The firm has a market capitalization of $75.71 million, a PE ratio of -4.88 and a beta of 1.99. The company has a current ratio of 1.60, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04.
QuickLogic (NASDAQ:QUIK) last released its quarterly earnings results on Tuesday, February 16th. The semiconductor company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). QuickLogic had a negative return on equity of 78.90% and a negative net margin of 125.18%. During the same period in the previous year, the business earned ($0.29) EPS. On average, equities analysts expect that QuickLogic Co. will post -1.12 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in QUIK. Perkins Capital Management Inc. acquired a new stake in shares of QuickLogic during the third quarter worth about $1,116,000. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of QuickLogic by 100.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 80,000 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 40,000 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of QuickLogic during the third quarter worth about $42,000. BlackRock Inc. increased its position in shares of QuickLogic by 5.1% during the fourth quarter. BlackRock Inc. now owns 152,717 shares of the semiconductor company’s stock worth $578,000 after purchasing an additional 7,361 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of QuickLogic during the fourth quarter worth about $95,000. Hedge funds and other institutional investors own 26.10% of the company’s stock.
QUIK has been the subject of several recent research reports. Zacks Investment Research cut QuickLogic from a “hold” rating to a “sell” rating in a report on Tuesday, January 5th. Roth Capital lowered their price objective on QuickLogic from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, November 5th.
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions.
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