QuickLogic Corp. (NASDAQ:QUIK) Given $1.50 Average Price Target by Brokerages
Shares of QuickLogic Corp. (NASDAQ:QUIK) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $1.50 for the company and are anticipating that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also assigned QuickLogic Corp. an industry rank of 25 out of 265 based on the ratings given to related companies.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of QuickLogic Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Roth Capital restated a “buy” rating and set a $1.50 target price on shares of QuickLogic Corp. in a research note on Thursday, September 1st.
QuickLogic Corp. (NASDAQ:QUIK) opened at 0.8699 on Friday. The company’s market capitalization is $58.96 million. The stock’s 50 day moving average price is $0.83 and its 200-day moving average price is $0.96. QuickLogic Corp. has a 52 week low of $0.75 and a 52 week high of $1.71.
QuickLogic Corp. (NASDAQ:QUIK) last released its earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). QuickLogic Corp. had a negative net margin of 152.69% and a negative return on equity of 90.44%. The company had revenue of $2.72 million for the quarter, compared to analysts’ expectations of $3 million. During the same quarter in the previous year, the company earned ($0.06) EPS. QuickLogic Corp.’s revenue for the quarter was down 45.7% on a year-over-year basis. On average, equities research analysts predict that QuickLogic Corp. will post ($0.27) earnings per share for the current fiscal year.
An institutional investor recently raised its position in QuickLogic Corp. stock. Vanguard Group Inc. increased its stake in QuickLogic Corp. (NASDAQ:QUIK) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,757,306 shares of the company’s stock after buying an additional 10,710 shares during the period. Vanguard Group Inc. owned about 2.62% of QuickLogic Corp. worth $1,704,000 at the end of the most recent quarter. 20.86% of the stock is currently owned by hedge funds and other institutional investors.
QuickLogic Corp. Company Profile
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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