Insider Selling: QuickLogic Corp. Director Sells 26,655 Shares of Stock (QUIK)
QuickLogic Corp. (NASDAQ:QUIK) Director Arturo Krueger unloaded 26,655 shares of QuickLogic Corp. stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $3.36, for a total value of $89,560.80. Following the sale, the director now directly owns 11,087 shares of the company’s stock, valued at approximately $37,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of QuickLogic Corp. (NASDAQ:QUIK) traded down 3.25% on Wednesday, hitting $3.27. 389,064 shares of the company’s stock traded hands. QuickLogic Corp. has a one year low of $2.34 and a one year high of $5.67. The stock’s 50-day moving average is $3.66 and its 200-day moving average is $4.49. The company’s market cap is $182.4 million.
QuickLogic Corp. (NASDAQ:QUIK) last posted its quarterly 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. Analysts expect that QuickLogic Corp. will post $-0.21 EPS 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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