QuickLogic (NASDAQ:QUIK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

QuickLogic Corporation (NASDAQ:QUIK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.17 and traded as high as $6.51. QuickLogic shares last traded at $6.33, with a volume of 28,640 shares.

Analysts Set New Price Targets

QUIK has been the subject of a number of research analyst reports. Northland Capmk lowered QuickLogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a report on Monday. Finally, Northland Securities cut shares of QuickLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.00.

QuickLogic Stock Down 0.0%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.18 and a quick ratio of 1.14. The business’s 50 day moving average price is $6.48 and its 200 day moving average price is $6.17. The firm has a market cap of $109.34 million, a PE ratio of -11.22 and a beta of 0.85.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Wednesday, November 12th. The semiconductor company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.02. QuickLogic had a negative return on equity of 33.71% and a negative net margin of 58.26%.The company had revenue of $2.03 million during the quarter, compared to analyst estimates of $2.05 million. On average, equities research analysts expect that QuickLogic Corporation will post -0.29 earnings per share for the current year.

Insider Buying and Selling at QuickLogic

In related news, CFO Elias Nader sold 5,687 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $6.30, for a total transaction of $35,828.10. Following the transaction, the chief financial officer owned 65,506 shares of the company’s stock, valued at $412,687.80. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 17,500 shares of company stock worth $110,579 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Prospera Financial Services Inc raised its holdings in QuickLogic by 8.9% during the third quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 1,400 shares during the last quarter. Perkins Capital Management Inc. grew its stake in QuickLogic by 1.0% in the 3rd quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock valued at $1,242,000 after acquiring an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in QuickLogic by 246.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 4,902 shares in the last quarter. Raymond James Financial Inc. raised its position in QuickLogic by 2.8% during the second quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock worth $1,295,000 after acquiring an additional 5,721 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its holdings in shares of QuickLogic by 54.0% in the third quarter. Gladstone Institutional Advisory LLC now owns 28,243 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 9,900 shares in the last quarter. 31.54% of the stock is owned by hedge funds and other institutional investors.

QuickLogic Company Profile

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.