QuickLogic (NASDAQ:QUIK) Research Coverage Started at Oppenheimer
Stock analysts at Oppenheimer started coverage on shares of QuickLogic (NASDAQ:QUIK) in a report released on Wednesday, The Fly reports. The firm set an “outperform” rating and a $1.00 price target on the semiconductor company’s stock. Oppenheimer’s target price would indicate a potential upside of 163.16% from the company’s current price.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded QuickLogic from a “buy” rating to a “sell” rating in a report on Tuesday. Roth Capital downgraded QuickLogic from a “buy” rating to a “neutral” rating in a report on Wednesday, June 19th.
QuickLogic stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.38. The company had a trading volume of 343,700 shares, compared to its average volume of 346,747. The company has a quick ratio of 1.45, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. The business has a 50 day simple moving average of $0.52. QuickLogic has a 12 month low of $0.30 and a 12 month high of $1.19. The company has a market capitalization of $43.28 million, a P/E ratio of -2.53 and a beta of 0.33.
Several large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in QuickLogic in the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC increased its position in QuickLogic by 731.1% in the second quarter. Tower Research Capital LLC TRC now owns 66,431 shares of the semiconductor company’s stock worth $38,000 after buying an additional 58,438 shares in the last quarter. Wells Fargo & Company MN increased its position in QuickLogic by 38.4% in the second quarter. Wells Fargo & Company MN now owns 148,430 shares of the semiconductor company’s stock worth $85,000 after buying an additional 41,219 shares in the last quarter. NJ State Employees Deferred Compensation Plan increased its position in QuickLogic by 46.7% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the semiconductor company’s stock worth $134,000 after buying an additional 70,000 shares in the last quarter. Finally, Intel Corp purchased a new stake in QuickLogic in the first quarter worth about $218,000. 11.43% of the stock is currently owned by hedge funds and other institutional investors.
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.
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