QuickLogic (NASDAQ:QUIK) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of QuickLogic Corporation (NASDAQ:QUIK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.98 and traded as high as $22.72. QuickLogic shares last traded at $21.68, with a volume of 344,559 shares.

Analysts Set New Price Targets

Several brokerages recently commented on QUIK. Needham & Company LLC began coverage on shares of QuickLogic in a report on Wednesday, May 20th. They set a “buy” rating and a $22.00 target price for the company. Wall Street Zen raised shares of QuickLogic from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a report on Friday, March 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $22.00 target price (up from $11.00) on shares of QuickLogic in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, QuickLogic currently has a consensus rating of “Hold” and an average target price of $22.00.

QuickLogic Stock Performance

The stock’s fifty day moving average price is $17.14 and its two-hundred day moving average price is $10.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.68. The company has a market cap of $395.23 million, a P/E ratio of -24.36 and a beta of 1.17.

QuickLogic (NASDAQ:QUIK) last released its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $5.05 million for the quarter, compared to analyst estimates of $5.51 million. QuickLogic had a negative return on equity of 48.97% and a negative net margin of 102.41%. As a group, equities analysts predict that QuickLogic Corporation will post -0.23 earnings per share for the current year.

Insider Buying and Selling at QuickLogic

In other QuickLogic news, Director Joyce Kim sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $20.00, for a total value of $110,000.00. Following the completion of the transaction, the director directly owned 2,140 shares in the company, valued at approximately $42,800. This represents a 71.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian C. Faith sold 41,480 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $20.45, for a total transaction of $848,266.00. Following the completion of the sale, the chief executive officer directly owned 228,412 shares in the company, valued at approximately $4,671,025.40. This represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 57,975 shares of company stock valued at $1,097,858. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Prospera Financial Services Inc boosted its stake in QuickLogic by 8.9% during the third 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 in the last quarter. Captrust Financial Advisors boosted its stake in QuickLogic by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 35,618 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 1,547 shares in the last quarter. State Street Corp boosted its stake in QuickLogic by 5.0% during the fourth quarter. State Street Corp now owns 65,056 shares of the semiconductor company’s stock worth $391,000 after acquiring an additional 3,100 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 4,902 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of QuickLogic by 2.8% in the second quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock valued at $1,295,000 after buying an additional 5,721 shares in the last quarter. 31.54% of the stock is owned by 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.