Taylor Frigon Capital Management LLC Has $2.43 Million Stock Position in QuickLogic Co. (NASDAQ:QUIK)

Taylor Frigon Capital Management LLC reduced its holdings in shares of QuickLogic Co. (NASDAQ:QUIK) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 317,134 shares of the semiconductor company’s stock after selling 24,881 shares during the quarter. Taylor Frigon Capital Management LLC owned 2.19% of QuickLogic worth $2,432,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QUIK. Hillsdale Investment Management Inc. lifted its holdings in shares of QuickLogic by 918.8% in the first quarter. Hillsdale Investment Management Inc. now owns 4,890 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 4,410 shares during the last quarter. Acuitas Investments LLC lifted its stake in QuickLogic by 54.0% in the 2nd quarter. Acuitas Investments LLC now owns 9,700 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 3,400 shares during the last quarter. XTX Topco Ltd acquired a new stake in QuickLogic in the second quarter valued at approximately $127,000. Rhumbline Advisers bought a new stake in shares of QuickLogic during the second quarter worth $172,000. Finally, American Century Companies Inc. increased its holdings in shares of QuickLogic by 24.8% during the second quarter. American Century Companies Inc. now owns 18,841 shares of the semiconductor company’s stock worth $196,000 after buying an additional 3,750 shares in the last quarter. 31.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QUIK has been the topic of several recent research reports. StockNews.com downgraded QuickLogic from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Craig Hallum cut their price target on QuickLogic from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Oppenheimer reduced their price target on QuickLogic from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th.

Insider Transactions at QuickLogic

In other news, VP Timothy Saxe sold 10,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the sale, the vice president now directly owns 104,934 shares in the company, valued at $885,642.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Elias Nader sold 4,458 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $7.42, for a total value of $33,078.36. Following the transaction, the chief financial officer now directly owns 52,740 shares of the company’s stock, valued at $391,330.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy Saxe sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.44, for a total value of $84,400.00. Following the sale, the vice president now directly owns 104,934 shares of the company’s stock, valued at $885,642.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,202 shares of company stock worth $378,653. Company insiders own 2.49% of the company’s stock.

QuickLogic Trading Up 3.3 %

Shares of QuickLogic stock traded up $0.27 during trading on Thursday, hitting $8.50. The company’s stock had a trading volume of 31,480 shares, compared to its average volume of 234,183. The stock has a market cap of $122.60 million, a price-to-earnings ratio of 137.17 and a beta of 1.56. QuickLogic Co. has a 52 week low of $7.01 and a 52 week high of $20.75. The stock has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $10.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.21 and a quick ratio of 1.14.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). QuickLogic had a return on equity of 9.56% and a net margin of 7.38%. The company had revenue of $4.13 million for the quarter, compared to the consensus estimate of $4.50 million. During the same quarter last year, the business earned ($0.17) earnings per share. Equities research analysts anticipate that QuickLogic Co. will post 0.08 EPS for the current fiscal year.

About QuickLogic

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.