QuickLogic (NASDAQ:QUIK) CFO Elias Nader Sells 2,624 Shares of Stock

QuickLogic Corporation (NASDAQ:QUIK) CFO Elias Nader sold 2,624 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $7.08, for a total value of $18,577.92. Following the completion of the transaction, the chief financial officer directly owned 67,779 shares of the company’s stock, valued at approximately $479,875.32. The trade was a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Elias Nader also recently made the following trade(s):

• On Monday, December 8th, Elias Nader sold 5,687 shares of QuickLogic stock. The stock was sold at an average price of $6.30, for a total transaction of $35,828.10.
• On Friday, December 5th, Elias Nader sold 10,813 shares of QuickLogic stock. The stock was sold at an average price of $6.36, for a total transaction of $68,770.68.

QuickLogic Trading Up 2.1%

QuickLogic stock opened at $6.84 on Friday. QuickLogic Corporation has a 12-month low of $4.26 and a 12-month high of $9.27. 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 stock has a market capitalization of $116.90 million, a PE ratio of -12.00 and a beta of 0.80. The firm has a 50 day simple moving average of $7.07 and a 200-day simple moving average of $6.46.

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

Institutional Investors Weigh In On QuickLogic

Several hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 4,902 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in QuickLogic in the 2nd quarter worth $66,000. Stratos Wealth Advisors LLC bought a new position in shares of QuickLogic during the 3rd quarter worth about $71,000. Jane Street Group LLC acquired a new position in shares of QuickLogic during the first quarter valued at about $87,000. Finally, Prospera Financial Services Inc bought a new stake in shares of QuickLogic in the second quarter valued at about $96,000. 31.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Northland Securities downgraded shares of QuickLogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 12th. Lake Street Capital started coverage on shares of QuickLogic in a report on Monday, February 9th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, QuickLogic currently has a consensus rating of “Hold” and an average target price of $10.50.

About QuickLogic

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.