QuickLogic (NASDAQ:QUIK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

QuickLogic Corporation (NASDAQ:QUIK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.70 and traded as high as $12.74. QuickLogic shares last traded at $12.25, with a volume of 166,250 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QUIK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a research note on Friday, March 27th. Lake Street Capital began coverage on shares of QuickLogic in a research note on Monday, February 9th. They set a “buy” rating and a $10.00 price target on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.50.

QuickLogic Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $210.51 million, a price-to-earnings ratio of -13.20 and a beta of 0.59. The stock’s 50 day moving average price is $9.51 and its two-hundred day moving average price is $7.76.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). QuickLogic had a negative return on equity of 47.54% and a negative net margin of 107.70%.The company had revenue of $3.73 million for the quarter, compared to analyst estimates of $3.50 million. On average, analysts forecast that QuickLogic Corporation will post -0.2 EPS for the current year.

Insider Activity at QuickLogic

In related news, Director Michael J. Farese sold 4,800 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $11.71, for a total value of $56,208.00. Following the sale, the director directly owned 30,540 shares in the company, valued at $357,623.40. The trade was a 13.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 17,294 shares of company stock valued at $172,515. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On QuickLogic

Several institutional investors and hedge funds have recently made changes to their positions in QUIK. Cadent Capital Advisors LLC purchased a new stake in shares of QuickLogic in the 4th quarter worth about $1,036,000. Perkins Capital Management Inc. boosted its position in shares of QuickLogic by 34.5% in the 4th quarter. Perkins Capital Management Inc. now owns 275,706 shares of the semiconductor company’s stock worth $1,657,000 after buying an additional 70,750 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of QuickLogic in the 3rd quarter worth about $406,000. Heritage Financial Services LLC purchased a new stake in shares of QuickLogic in the 3rd quarter worth about $303,000. Finally, Jane Street Group LLC boosted its position in shares of QuickLogic by 245.2% in the 4th quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company’s stock worth $288,000 after buying an additional 34,029 shares in the last quarter. 31.54% of the stock is currently 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.