Roth Capital upgraded shares of QuickLogic Corporation (NASDAQ:QUIK) from a neutral rating to a buy rating in a research report sent to investors on Monday morning. The firm currently has $2.00 target price on the semiconductor company’s stock, up from their prior target price of $1.50.

Several other equities analysts have also weighed in on the company. Zacks Investment Research raised QuickLogic Corporation from a sell rating to a hold rating in a research note on Wednesday, July 12th. ValuEngine lowered QuickLogic Corporation from a hold rating to a sell rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. QuickLogic Corporation has a consensus rating of Hold and a consensus price target of $2.31.

Shares of QuickLogic Corporation (NASDAQ:QUIK) opened at 1.6108 on Monday. The company’s 50 day moving average is $1.39 and its 200-day moving average is $1.51. QuickLogic Corporation has a 1-year low of $0.75 and a 1-year high of $2.48. The stock’s market capitalization is $129.04 million.

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

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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in QuickLogic Corporation by 3.1% during the 2nd 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 in the last quarter. Northern Trust Corp lifted its position in QuickLogic Corporation by 20.1% during the 2nd quarter. Northern Trust Corp now owns 159,105 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 26,599 shares in the last quarter. Adirondack Research & Management Inc. lifted its position in QuickLogic Corporation by 2.8% during the 2nd quarter. Adirondack Research & Management Inc. now owns 279,300 shares of the semiconductor company’s stock worth $408,000 after acquiring an additional 7,500 shares in the last quarter. Bank of New York Mellon Corp lifted its position in QuickLogic Corporation by 10.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,489 shares of the semiconductor company’s stock worth $116,000 after acquiring an additional 7,624 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in QuickLogic Corporation during the 2nd quarter worth approximately $123,000. 19.94% of the stock is currently owned by hedge funds and other institutional investors.

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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