QuickLogic (NASDAQ:QUIK) Issues Quarterly Earnings Results

QuickLogic (NASDAQ:QUIK) released its quarterly earnings data on Wednesday. The semiconductor company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01, Fidelity Earnings reports. The business had revenue of $2.16 million for the quarter, compared to the consensus estimate of $2.10 million. QuickLogic had a negative net margin of 120.05% and a negative return on equity of 77.17%. During the same period in the prior year, the firm earned ($0.03) earnings per share.

NASDAQ QUIK traded up $0.01 during trading on Friday, hitting $0.30. 465,100 shares of the company’s stock traded hands, compared to its average volume of 352,687. The stock has a market capitalization of $42.68 million, a price-to-earnings ratio of -2.00 and a beta of 0.39. QuickLogic has a 12-month low of $0.29 and a 12-month high of $1.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.68 and a current ratio of 1.86. The business has a 50 day moving average of $0.36 and a 200-day moving average of $0.53.

QUIK has been the topic of several recent research reports. ValuEngine downgraded shares of QuickLogic from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. CIBC initiated coverage on shares of QuickLogic in a report on Thursday, August 15th. They set an “outperform” rating on the stock. Oppenheimer initiated coverage on shares of QuickLogic in a report on Wednesday, August 14th. They set an “outperform” rating and a $1.00 price objective on the stock. Finally, Zacks Investment Research raised shares of QuickLogic from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1.00.

About QuickLogic

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.

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Earnings History for QuickLogic (NASDAQ:QUIK)

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