QuickLogic (QUIK) Posts Earnings Results, Meets Estimates

QuickLogic (NASDAQ:QUIK) announced its quarterly earnings results on Wednesday. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04), Bloomberg Earnings reports. QuickLogic had a negative return on equity of 76.28% and a negative net margin of 120.37%. During the same period in the prior year, the firm posted ($0.05) EPS.

QuickLogic (NASDAQ QUIK) traded up $0.12 during trading on Wednesday, hitting $2.10. The stock had a trading volume of 484,170 shares, compared to its average volume of 317,967. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.61 and a quick ratio of 2.27. The firm has a market cap of $169.58, a PE ratio of -10.50 and a beta of 0.12. QuickLogic has a 52-week low of $1.15 and a 52-week high of $2.48.

An institutional investor recently raised its position in QuickLogic stock. Northern Trust Corp lifted its holdings in QuickLogic Co. (NASDAQ:QUIK) by 20.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,105 shares of the semiconductor company’s stock after purchasing an additional 26,599 shares during the quarter. Northern Trust Corp owned about 0.20% of QuickLogic worth $232,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.73% of the company’s stock.

A number of analysts have recently weighed in on the company. Roth Capital reissued a “buy” rating and issued a $2.50 price objective (up previously from $2.00) on shares of QuickLogic in a research report on Friday, January 19th. Zacks Investment Research cut QuickLogic from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research report on Thursday, January 4th.

ILLEGAL ACTIVITY WARNING: “QuickLogic (QUIK) Posts Earnings Results, Meets Estimates” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/14/quicklogic-quik-posts-earnings-results-meets-estimates.html.

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)

Receive News & Ratings for QuickLogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuickLogic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply