QuickLogic (NASDAQ:QUIK) Share Price Passes Above 200 Day Moving Average of $12.59

QuickLogic Co. (NASDAQ:QUIK)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.59 and traded as high as $13.93. QuickLogic shares last traded at $13.86, with a volume of 180,763 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $16.00 price objective (up previously from $12.00) on shares of QuickLogic in a report on Wednesday, February 28th. TheStreet upgraded QuickLogic from a “d” rating to a “c” rating in a research report on Thursday, February 29th. Finally, StockNews.com raised QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd.

QuickLogic Stock Up 0.2 %

The stock has a market cap of $199.31 million, a P/E ratio of -346.41 and a beta of 1.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.17. The firm’s 50-day moving average is $14.77 and its two-hundred day moving average is $12.59.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $7.48 million for the quarter, compared to analyst estimates of $7.40 million. QuickLogic had a negative return on equity of 1.85% and a negative net margin of 1.24%. On average, equities research analysts anticipate that QuickLogic Co. will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Timothy Saxe sold 10,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $16.33, for a total value of $163,300.00. Following the transaction, the vice president now owns 120,755 shares of the company’s stock, valued at approximately $1,971,929.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Russell Christine sold 4,444 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $16.74, for a total transaction of $74,392.56. Following the completion of the transaction, the director now owns 3,717 shares in the company, valued at $62,222.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Timothy Saxe sold 10,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $16.33, for a total transaction of $163,300.00. Following the completion of the sale, the vice president now owns 120,755 shares in the company, valued at $1,971,929.15. The disclosure for this sale can be found here. Insiders sold a total of 21,702 shares of company stock valued at $350,482 over the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in QuickLogic by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 809,529 shares of the semiconductor company’s stock worth $11,220,000 after buying an additional 16,372 shares during the period. EAM Investors LLC increased its position in shares of QuickLogic by 17.0% during the third quarter. EAM Investors LLC now owns 167,485 shares of the semiconductor company’s stock worth $1,440,000 after acquiring an additional 24,316 shares in the last quarter. BlackRock Inc. raised its holdings in shares of QuickLogic by 3.5% during the second quarter. BlackRock Inc. now owns 135,766 shares of the semiconductor company’s stock worth $1,248,000 after acquiring an additional 4,622 shares during the period. Geode Capital Management LLC lifted its position in QuickLogic by 16.5% in the 2nd quarter. Geode Capital Management LLC now owns 118,464 shares of the semiconductor company’s stock valued at $1,089,000 after acquiring an additional 16,750 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in QuickLogic by 108.2% in the 2nd quarter. Osaic Holdings Inc. now owns 58,092 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 30,194 shares during the period. 31.54% of the stock is owned by institutional investors and hedge funds.

QuickLogic Company Profile

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.