Shares of QuickLogic Corp. (NASDAQ:QUIK) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price target of $1.50 for the company and are forecasting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given QuickLogic Corp. an industry rank of 35 out of 265 based on the ratings given to its competitors.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded QuickLogic Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Roth Capital reaffirmed a “buy” rating and issued a $1.50 price target on shares of QuickLogic Corp. in a research note on Thursday, September 1st.

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Shares of QuickLogic Corp. (NASDAQ:QUIK) remained flat at $0.85 during trading on Friday. The company’s stock had a trading volume of 44,266 shares. The firm’s market cap is $57.62 million. The stock has a 50 day moving average price of $0.83 and a 200 day moving average price of $0.96. QuickLogic Corp. has a 52-week low of $0.75 and a 52-week high of $1.77.

QuickLogic Corp. (NASDAQ:QUIK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $2.72 million for the quarter, compared to analysts’ expectations of $3 million. QuickLogic Corp. had a negative return on equity of 90.44% and a negative net margin of 152.69%. QuickLogic Corp.’s quarterly revenue was down 45.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, equities research analysts anticipate that QuickLogic Corp. will post ($0.27) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in QuickLogic Corp. stock. BlackRock Fund Advisors increased its stake in shares of QuickLogic Corp. (NASDAQ:QUIK) by 35.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,790 shares of the company’s stock after buying an additional 48,432 shares during the period. BlackRock Fund Advisors owned about 0.28% of QuickLogic Corp. worth $179,000 at the end of the most recent quarter. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

About QuickLogic Corp.

QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).

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