QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader Sells 2,843 Shares

QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader sold 2,843 shares of QuickLogic stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $6.75, for a total transaction of $19,190.25. Following the completion of the transaction, the chief financial officer now directly owns 62,785 shares in the company, valued at approximately $423,798.75. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Elias Nader also recently made the following trade(s):

• On Thursday, December 5th, Elias Nader sold 8,711 shares of QuickLogic stock. The shares were sold at an average price of $7.39, for a total transaction of $64,374.29.

QuickLogic Stock Performance

QUIK traded up $0.25 on Wednesday, hitting $7.09. 167,107 shares of the stock traded hands, compared to its average volume of 234,121. The business has a fifty day moving average price of $8.84 and a two-hundred day moving average price of $8.39. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $104.29 million, a PE ratio of -70.90 and a beta of 1.39. QuickLogic Co. has a 52 week low of $6.75 and a 52 week high of $20.75.

QuickLogic (NASDAQ:QUIK) last released its quarterly earnings data on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.20 million. QuickLogic had a negative net margin of 6.83% and a negative return on equity of 7.30%. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, research analysts predict that QuickLogic Co. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QUIK. Craig Hallum decreased their price target on shares of QuickLogic from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Northland Capmk upgraded QuickLogic to a “strong-buy” rating in a research note on Tuesday, December 17th. StockNews.com raised QuickLogic to a “sell” rating in a research report on Wednesday, December 11th. Finally, Northland Securities initiated coverage on QuickLogic in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $11.60 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.53.

Institutional Investors Weigh In On QuickLogic

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of QuickLogic during the 4th quarter worth about $2,192,000. State Street Corp raised its position in QuickLogic by 15.6% in the third quarter. State Street Corp now owns 198,500 shares of the semiconductor company’s stock worth $1,522,000 after purchasing an additional 26,774 shares in the last quarter. Sprott Inc. acquired a new stake in QuickLogic during the fourth quarter valued at approximately $170,000. Cutter & CO Brokerage Inc. bought a new stake in shares of QuickLogic in the 3rd quarter valued at approximately $106,000. Finally, Quest Partners LLC raised its holdings in shares of QuickLogic by 5,067.5% in the 3rd quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock worth $84,000 after buying an additional 10,743 shares in the last quarter. Institutional investors and hedge funds own 31.54% of the company’s stock.

QuickLogic Company Profile

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.