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

QuickLogic Corporation (NASDAQ:QUIK)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.51 and traded as high as $8.20. QuickLogic shares last traded at $8.11, with a volume of 150,298 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Northland Securities downgraded QuickLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research note on Monday, December 29th. Finally, Lake Street Capital assumed coverage on shares of QuickLogic in a report on Monday, February 9th. They set a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, QuickLogic currently has an average rating of “Hold” and a consensus price target of $10.50.

QuickLogic Price Performance

The firm has a 50 day moving average of $7.21 and a 200-day moving average of $6.51. The company has a market cap of $138.60 million, a P/E ratio of -14.23 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.

Insider Activity

In other news, CFO Elias Nader sold 5,687 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $6.30, for a total value of $35,828.10. Following the transaction, the chief financial officer owned 65,506 shares of the company’s stock, valued at approximately $412,687.80. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 20,124 shares of company stock worth $129,157 in the last quarter. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On QuickLogic

Several institutional investors have recently bought and sold shares of the stock. Cadent Capital Advisors LLC purchased a new stake in QuickLogic in the 4th quarter worth $1,036,000. Perkins Capital Management Inc. increased its holdings in shares of QuickLogic by 34.5% in the fourth quarter. Perkins Capital Management Inc. now owns 275,706 shares of the semiconductor company’s stock worth $1,657,000 after purchasing an additional 70,750 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of QuickLogic in the third quarter worth about $406,000. Heritage Financial Services LLC purchased a new stake in shares of QuickLogic in the third quarter worth about $303,000. Finally, Jane Street Group LLC boosted its stake in QuickLogic by 245.2% during the fourth quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 34,029 shares during the last quarter. 31.54% of the stock is owned by hedge funds and other institutional investors.

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.