QuickLogic (NASDAQ:QUIK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

QuickLogic Corporation (NASDAQ:QUIK) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.06 and traded as high as $9.92. QuickLogic shares last traded at $9.62, with a volume of 120,389 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Lake Street Capital started coverage on shares of QuickLogic in a report on Monday, February 9th. They set a “buy” rating and a $10.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.50.

QuickLogic Trading Down 3.5%

The business has a 50-day moving average of $8.25 and a 200-day moving average of $7.06. 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 stock has a market cap of $164.41 million, a price-to-earnings ratio of -10.69 and a beta of 0.60.

QuickLogic (NASDAQ:QUIK) last issued its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). QuickLogic had a negative return on equity of 45.83% and a negative net margin of 107.70%.The firm had revenue of $3.73 million during the quarter, compared to analyst estimates of $3.50 million. As a group, research analysts forecast that QuickLogic Corporation will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On QuickLogic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake 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 valued at $42,000 after acquiring an additional 4,902 shares during the last quarter. Stratos Wealth Advisors LLC bought a new stake in QuickLogic in the third quarter worth approximately $71,000. Squarepoint Ops LLC acquired a new position in shares of QuickLogic during the 4th quarter worth $84,000. Dimensional Fund Advisors LP bought a new position in shares of QuickLogic during the 4th quarter valued at $102,000. Finally, Prospera Financial Services Inc raised its holdings in shares of QuickLogic by 8.9% during the 3rd quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 1,400 shares in the last quarter. 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.