QuickLogic Corporation (NASDAQ:QUIK) traded up 1.8% on Thursday . The stock traded as high as $1.75 and last traded at $1.68. 156,250 shares were traded during trading, a decline of 43% from the average session volume of 273,114 shares. The stock had previously closed at $1.71.

Several equities research analysts have weighed in on the company. Roth Capital downgraded QuickLogic Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, May 11th. ValuEngine downgraded QuickLogic Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded QuickLogic Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $2.42.

The firm’s market cap is $136.99 million. The company’s 50-day moving average price is $1.38 and its 200-day moving average price is $1.51.

QuickLogic Corporation (NASDAQ:QUIK) last announced its earnings results on Wednesday, August 9th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05). QuickLogic Corporation had a negative return on equity of 84.50% and a negative net margin of 130.99%. The business had revenue of $3.03 million for the quarter, compared to analyst estimates of $3.20 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts forecast that QuickLogic Corporation will post ($0.17) earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC increased its position in shares of QuickLogic Corporation by 63.8% during the first quarter. Frontier Capital Management Co. LLC now owns 6,825,273 shares of the semiconductor company’s stock worth $12,149,000 after acquiring an additional 2,657,793 shares during the last quarter. Vanguard Group Inc. increased its position in shares of QuickLogic Corporation by 3.1% during the second quarter. Vanguard Group Inc. now owns 3,489,572 shares of the semiconductor company’s stock worth $5,095,000 after acquiring an additional 106,434 shares during the last quarter. Firsthand Capital Management Inc. increased its position in shares of QuickLogic Corporation by 92.6% during the first quarter. Firsthand Capital Management Inc. now owns 520,000 shares of the semiconductor company’s stock worth $926,000 after acquiring an additional 250,000 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of QuickLogic Corporation during the first quarter worth about $821,000. Finally, EAM Investors LLC purchased a new stake in shares of QuickLogic Corporation during the first quarter worth about $609,000. 19.94% of the stock is currently owned by institutional investors and hedge funds.

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QuickLogic Corporation 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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