QuickLogic (NASDAQ:QUIK) Rating Increased to Hold at Wall Street Zen

QuickLogic (NASDAQ:QUIK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Oppenheimer lowered their target price on shares of QuickLogic from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, QuickLogic presently has a consensus rating of “Buy” and a consensus target price of $10.87.

QuickLogic Trading Down 4.1%

NASDAQ:QUIK opened at $5.68 on Friday. The company has a market capitalization of $89.95 million, a PE ratio of -56.80 and a beta of 0.65. QuickLogic has a 52-week low of $4.26 and a 52-week high of $13.36. The stock’s 50 day moving average price is $5.43 and its 200 day moving average price is $6.88. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On QuickLogic

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of QuickLogic by 5,920.0% during the first quarter. GAMMA Investing LLC now owns 6,321 shares of the semiconductor company’s stock worth $32,000 after buying an additional 6,216 shares during the last quarter. Wells Fargo & Company MN raised its stake in QuickLogic by 49.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,645 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 2,197 shares during the last quarter. Jane Street Group LLC acquired a new stake in QuickLogic during the 1st quarter worth approximately $87,000. Nuveen LLC acquired a new stake in QuickLogic during the 1st quarter worth approximately $95,000. Finally, Vident Advisory LLC purchased a new position in shares of QuickLogic in the 1st quarter valued at approximately $109,000. 31.54% of the stock is owned by hedge funds and other institutional investors.

QuickLogic Company Profile

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.