QuickLogic (NASDAQ:QUIK) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

QuickLogic Corporation (NASDAQ:QUIK) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.17 and traded as high as $6.51. QuickLogic shares last traded at $6.33, with a volume of 28,640 shares traded.

Wall Street Analyst Weigh In

QUIK has been the subject of several research analyst reports. Northland Capmk lowered shares of QuickLogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Northland Securities cut QuickLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

QuickLogic Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.18. The stock has a market capitalization of $108.18 million, a P/E ratio of -11.11 and a beta of 0.85. The business has a 50-day moving average price of $6.50 and a 200 day moving average price of $6.17.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The company had revenue of $2.03 million during the quarter, compared to analyst estimates of $2.05 million. QuickLogic had a negative return on equity of 33.71% and a negative net margin of 58.26%. As a group, sell-side analysts forecast that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling at QuickLogic

In other news, CFO Elias Nader sold 10,813 shares of QuickLogic stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $6.36, for a total value of $68,770.68. Following the completion of the transaction, the chief financial officer owned 71,193 shares of the company’s stock, valued at $452,787.48. The trade was a 13.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 17,500 shares of company stock worth $110,579 in the last ninety days. 1.50% of the stock is owned by company insiders.

Institutional Trading of QuickLogic

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in QuickLogic by 246.5% in the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after buying an additional 4,902 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of QuickLogic during the second quarter valued at approximately $66,000. Stratos Wealth Advisors LLC bought a new stake in shares of QuickLogic during the third quarter valued at approximately $71,000. Prospera Financial Services Inc purchased a new position in QuickLogic in the 2nd quarter worth approximately $96,000. Finally, Jane Street Group LLC purchased a new position in QuickLogic in the 1st quarter worth approximately $87,000. 31.54% of the stock is currently owned by institutional investors.

QuickLogic Company Profile

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.