QuickLogic (NASDAQ:QUIK) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

QuickLogic Corporation (NASDAQ:QUIK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.39 and traded as high as $8.41. QuickLogic shares last traded at $8.31, with a volume of 143,909 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Northland Securities lowered shares of QuickLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, QuickLogic presently has an average rating of “Hold” and an average target price of $11.00.

QuickLogic Trading Up 0.7%

The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $142.02 million, a P/E ratio of -14.58 and a beta of 0.79. The firm’s 50-day moving average price is $6.78 and its 200 day moving average price is $6.39.

QuickLogic (NASDAQ:QUIK) last released its quarterly earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The business had revenue of $2.03 million during the quarter, compared to the consensus estimate 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, equities research analysts predict that QuickLogic Corporation will post -0.29 earnings per share for the current year.

Insider Transactions at QuickLogic

In related news, CFO Elias Nader sold 5,687 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $6.30, for a total value of $35,828.10. Following the completion of the sale, the chief financial officer directly owned 65,506 shares of the company’s stock, valued at approximately $412,687.80. This represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 17,500 shares of company stock worth $110,579 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of QuickLogic

Several institutional investors have recently made changes to their positions in QUIK. Tower Research Capital LLC TRC lifted its position in shares of QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 4,902 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in QuickLogic in the 2nd quarter valued at about $66,000. Stratos Wealth Advisors LLC bought a new position in shares of QuickLogic during the 3rd quarter worth approximately $71,000. Jane Street Group LLC purchased a new position in shares of QuickLogic in the 1st quarter worth approximately $87,000. Finally, Prospera Financial Services Inc purchased a new position in shares of QuickLogic in the 2nd quarter worth approximately $96,000. Institutional investors own 31.54% of the company’s stock.

About QuickLogic

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.