QuickLogic (QUIK) to Release Quarterly Earnings on Wednesday

QuickLogic (NASDAQ:QUIK) is scheduled to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

QuickLogic (NASDAQ:QUIK) last issued its earnings results on Wednesday, November 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $2.97 million for the quarter, compared to analysts’ expectations of $3.02 million. QuickLogic had a negative net margin of 120.37% and a negative return on equity of 76.28%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. On average, analysts expect QuickLogic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of QuickLogic (QUIK) opened at $2.05 on Wednesday. The firm has a market cap of $164.37, a P/E ratio of -10.79 and a beta of 0.12. QuickLogic has a 1-year low of $1.15 and a 1-year high of $2.48. The company has a quick ratio of 2.27, a current ratio of 2.61 and a debt-to-equity ratio of 0.01.

Several analysts recently weighed in on QUIK shares. Zacks Investment Research raised shares of QuickLogic from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Tuesday, November 14th. Roth Capital reaffirmed a “buy” rating and issued a $2.50 target price (up previously from $2.00) on shares of QuickLogic in a report on Friday, January 19th.

An institutional investor recently raised its position in QuickLogic stock. Northern Trust Corp raised its stake in QuickLogic Co. (NASDAQ:QUIK) by 20.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,105 shares of the semiconductor company’s stock after purchasing an additional 26,599 shares during the period. Northern Trust Corp owned 0.20% of QuickLogic worth $232,000 as of its most recent SEC filing. 21.83% of the stock is currently owned by hedge funds and other institutional investors.

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QuickLogic Company Profile

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).

Earnings History for QuickLogic (NASDAQ:QUIK)

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