Insider Selling: QuickLogic Corp. Director Sells 4,971 Shares of Stock (QUIK)
QuickLogic Corp. (NASDAQ:QUIK) Director Gary H. Tauss sold 4,971 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $3.78, for a total transaction of $18,790.38. Following the completion of the transaction, the director now directly owns 12,602 shares of the company’s stock, valued at approximately $47,636. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
QuickLogic Corp. (NASDAQ:QUIK) traded up 0.86% on Wednesday, hitting $3.50. The stock had a trading volume of 365,523 shares. QuickLogic Corp. has a 52-week low of $2.33 and a 52-week high of $5.67. The stock’s 50-day moving average is $3.88 and its 200-day moving average is $4.54. The company’s market cap is $195.2 million.
QuickLogic Corp. (NASDAQ:QUIK) last announced its earnings results on Wednesday, July 30th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. The company had revenue of $6.80 million for the quarter, compared to the consensus estimate of $6.50 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. On average, analysts predict that QuickLogic Corp. will post $-0.21 earnings per share for the current fiscal year.
QuickLogic Corporation develops and markets semiconductor solutions. It is a fabless semiconductor company that designs, markets and supports primarily Customer Specific Standard Products (NASDAQ:QUIK), and Field Programmable Gate Arrays (FPGAs), associated design software and programming hardware.
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