QuickLogic Co. (NASDAQ:QUIK) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in QuickLogic Co. (NASDAQ:QUIK) by 49.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,645 shares of the semiconductor company’s stock after acquiring an additional 2,197 shares during the quarter. Wells Fargo & Company MN’s holdings in QuickLogic were worth $75,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of QuickLogic in the 4th quarter worth approximately $2,192,000. Barclays PLC grew its position in shares of QuickLogic by 34.8% in the 3rd quarter. Barclays PLC now owns 19,676 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 5,079 shares in the last quarter. Geode Capital Management LLC grew its position in shares of QuickLogic by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 311,241 shares of the semiconductor company’s stock worth $3,518,000 after acquiring an additional 4,974 shares in the last quarter. Perkins Capital Management Inc. grew its position in shares of QuickLogic by 0.9% in the 4th quarter. Perkins Capital Management Inc. now owns 202,956 shares of the semiconductor company’s stock worth $2,293,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Sprott Inc. acquired a new position in QuickLogic during the 4th quarter valued at approximately $170,000. Institutional investors and hedge funds own 31.54% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded QuickLogic to a “sell” rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, QuickLogic currently has an average rating of “Moderate Buy” and an average target price of $11.53.

QuickLogic Trading Up 8.1%

NASDAQ:QUIK opened at $6.38 on Tuesday. QuickLogic Co. has a 12-month low of $4.26 and a 12-month high of $13.74. The firm has a market capitalization of $100.80 million, a P/E ratio of -63.80 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.05. The business has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $7.22.

QuickLogic 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.