QuickLogic (NASDAQ:QUIK) Stock Price Crosses Above 200-Day Moving Average of $6.10

QuickLogic Co. (NASDAQ:QUIKGet Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.10 and traded as high as $8.57. QuickLogic shares last traded at $8.36, with a volume of 30,864 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com assumed coverage on QuickLogic in a report on Thursday, June 30th. They issued a “hold” rating for the company. Oppenheimer dropped their target price on QuickLogic to $8.00 and set a “na” rating for the company in a report on Wednesday, May 18th.

QuickLogic Trading Up 1.8 %

The stock has a fifty day moving average price of $7.80 and a 200-day moving average price of $6.10. The firm has a market capitalization of $103.63 million, a price-to-earnings ratio of -16.08 and a beta of 1.73.

QuickLogic (NASDAQ:QUIKGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The semiconductor company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $4.10 million during the quarter, compared to analysts’ expectations of $4.00 million. QuickLogic had a negative return on equity of 64.64% and a negative net margin of 41.89%. During the same period last year, the firm posted ($0.15) EPS. On average, equities analysts expect that QuickLogic Co. will post -0.27 EPS for the current year.

Insider Buying and Selling at QuickLogic

In other QuickLogic news, CEO Brian C. Faith sold 16,395 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $7.71, for a total value of $126,405.45. Following the transaction, the chief executive officer now directly owns 135,339 shares in the company, valued at approximately $1,043,463.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Russell Christine sold 4,542 shares of QuickLogic stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $7.69, for a total value of $34,927.98. Following the sale, the director now owns 1 shares of the company’s stock, valued at $7.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian C. Faith sold 16,395 shares of QuickLogic stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $7.71, for a total value of $126,405.45. Following the completion of the sale, the chief executive officer now directly owns 135,339 shares in the company, valued at approximately $1,043,463.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,153 shares of company stock worth $162,550. Insiders own 2.88% of the company’s stock.

Institutional Trading of QuickLogic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Taylor Frigon Capital Management LLC grew its holdings in QuickLogic by 0.6% during the first quarter. Taylor Frigon Capital Management LLC now owns 724,481 shares of the semiconductor company’s stock worth $3,985,000 after purchasing an additional 3,993 shares during the period. Perkins Capital Management Inc. grew its holdings in QuickLogic by 1.4% during the second quarter. Perkins Capital Management Inc. now owns 250,285 shares of the semiconductor company’s stock worth $2,122,000 after purchasing an additional 3,503 shares during the period. Adalta Capital Management LLC boosted its holdings in shares of QuickLogic by 10.3% during the first quarter. Adalta Capital Management LLC now owns 53,422 shares of the semiconductor company’s stock worth $294,000 after acquiring an additional 5,000 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of QuickLogic by 5.3% during the first quarter. Advisor Group Holdings Inc. now owns 39,506 shares of the semiconductor company’s stock worth $216,000 after acquiring an additional 1,993 shares during the period. Finally, State Street Corp boosted its holdings in shares of QuickLogic by 10.4% during the first quarter. State Street Corp now owns 31,681 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 2,973 shares during the period. Institutional investors and hedge funds own 20.72% of the company’s stock.

About QuickLogic

(Get Rating)

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for QuickLogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuickLogic and related companies with MarketBeat.com's FREE daily email newsletter.