QuickLogic Corporation (NASDAQ:QUIK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “QuickLogic Corporation is a semiconductor provider of ultra-low power, comprehensive, flexible sensor processing solutions enabling significantly longer battery life for the Smartphone, Wearable, and IoT markets. They are the only company integrating multi-core processing, programmable logic, sensor fusion and context aware algorithms, and embedded software. QuickLogic accelerates the pace of innovation for always-on motion, light, environmental, location, and voice-enabled user experiences. “

Several other equities research analysts also recently weighed in on the company. Roth Capital raised QuickLogic Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $1.50 to $2.00 in a report on Monday, September 11th. ValuEngine downgraded QuickLogic Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $2.50.

QuickLogic Corporation (NASDAQ QUIK) opened at 1.68 on Wednesday. QuickLogic Corporation has a 52 week low of $0.76 and a 52 week high of $2.48. The company’s market cap is $134.59 million. The company has a 50-day moving average of $1.59 and a 200-day moving average of $1.48.

QuickLogic Corporation (NASDAQ:QUIK) last issued its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $3.03 million during the quarter, compared to the consensus estimate of $3.20 million. QuickLogic Corporation had a negative return on equity of 84.50% and a negative net margin of 130.99%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. On average, equities analysts expect that QuickLogic Corporation will post ($0.17) EPS for the current year.

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Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of QuickLogic Corporation by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 79,489 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 7,624 shares during the last quarter. Sei Investments Co. purchased a new position in shares of QuickLogic Corporation in the second quarter worth about $123,000. AWM Investment Company Inc. purchased a new position in shares of QuickLogic Corporation in the first quarter worth about $178,000. Northern Trust Corp raised its stake in shares of QuickLogic Corporation by 20.1% in the second quarter. Northern Trust Corp now owns 159,105 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 26,599 shares during the last quarter. Finally, Creative Planning raised its stake in shares of QuickLogic Corporation by 18.6% in the second quarter. Creative Planning now owns 191,177 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 19.94% of the company’s stock.

About QuickLogic Corporation

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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