QuickLogic (NASDAQ:QUIK) Share Price Passes Above 200 Day Moving Average – Here’s Why

QuickLogic Corporation (NASDAQ:QUIK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.44 and traded as high as $7.18. QuickLogic shares last traded at $6.68, with a volume of 96,923 shares.

Analyst Ratings Changes

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

QuickLogic Trading Down 5.8%

The company has a fifty day moving average of $6.97 and a 200-day moving average of $6.44. The company has a market capitalization of $114.16 million, a price-to-earnings ratio of -11.72 and a beta of 0.80. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02.

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

Insider Activity

In other news, CFO Elias Nader sold 5,687 shares of the stock in a transaction dated Monday, December 8th. The shares were 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 in the company, valued at $412,687.80. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 17,500 shares of company stock worth $110,579 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of QuickLogic

Several large investors have recently bought and sold shares of the business. Prospera Financial Services Inc increased its stake in shares of QuickLogic by 8.9% in the 3rd quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 1,400 shares during the last quarter. Perkins Capital Management Inc. grew its holdings in shares of QuickLogic by 1.0% in the third quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock valued at $1,242,000 after purchasing an additional 2,000 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of QuickLogic by 246.5% in 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 during the period. Raymond James Financial Inc. increased its position in QuickLogic by 2.8% during the second quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock worth $1,295,000 after purchasing an additional 5,721 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its stake in QuickLogic by 55.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 18,235 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 6,510 shares during the period. Hedge funds and other 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.