QuickLogic Corporation (NASDAQ:QUIK) Short Interest Update

QuickLogic Corporation (NASDAQ:QUIK) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,129,495 shares, a growth of 17.0% from the February 12th total of 965,127 shares. Approximately 6.7% of the company’s stock are sold short. Based on an average daily trading volume, of 223,861 shares, the short-interest ratio is presently 5.0 days. Based on an average daily trading volume, of 223,861 shares, the short-interest ratio is presently 5.0 days. Approximately 6.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in QuickLogic by 62.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,158 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 21,275 shares during the period. Jane Street Group LLC purchased a new stake in QuickLogic during the 1st quarter valued at $87,000. Prospera Financial Services Inc bought a new position in shares of QuickLogic during the 2nd quarter valued at $96,000. XTX Topco Ltd bought a new position in shares of QuickLogic during the 2nd quarter valued at $171,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of QuickLogic by 40.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 99,576 shares of the semiconductor company’s stock worth $613,000 after buying an additional 28,751 shares during the last quarter. Institutional investors own 31.54% of the company’s stock.

Wall Street Analyst Weigh In

QUIK has been the topic of a number of recent analyst reports. Lake Street Capital initiated coverage on shares of QuickLogic in a report on Monday, February 9th. They set a “buy” rating and a $10.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.50.

QuickLogic Price Performance

NASDAQ QUIK opened at $9.00 on Tuesday. QuickLogic has a one year low of $4.26 and a one year high of $9.81. The stock has a 50-day moving average of $7.94 and a 200 day moving average of $6.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.18. The company has a market capitalization of $153.81 million, a price-to-earnings ratio of -10.00 and a beta of 0.60.

QuickLogic (NASDAQ:QUIK) last posted its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $3.73 million for the quarter, compared to the consensus estimate of $3.50 million. QuickLogic had a negative net margin of 107.70% and a negative return on equity of 45.83%. On average, sell-side analysts forecast that QuickLogic will post -0.29 EPS for the current year.

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.