QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader Sells 2,843 Shares

QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader sold 2,843 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $6.75, for a total transaction of $19,190.25. Following the transaction, the chief financial officer now owns 62,785 shares in the company, valued at approximately $423,798.75. The trade was a 4.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Elias Nader also recently made the following trade(s):

• On Thursday, December 5th, Elias Nader sold 8,711 shares of QuickLogic stock. The stock was sold at an average price of $7.39, for a total transaction of $64,374.29.

QuickLogic Trading Up 3.7 %

Shares of NASDAQ:QUIK opened at $7.09 on Thursday. 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 firm has a 50 day simple moving average of $8.84 and a 200 day simple moving average of $8.39. QuickLogic Co. has a one year low of $6.75 and a one year high of $20.75.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings data on Monday, November 11th. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $4.27 million during the quarter, compared to the consensus estimate of $4.20 million. QuickLogic had a negative net margin of 6.83% and a negative return on equity of 7.30%. During the same period in the previous year, the company earned $0.08 EPS. As a group, research analysts anticipate that QuickLogic Co. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on QUIK shares. Northland Capmk upgraded shares of QuickLogic to a “strong-buy” rating in a research report on Tuesday, December 17th. Northland Securities started coverage on shares of QuickLogic in a research report on Tuesday, December 17th. They set an “outperform” rating and a $11.60 price target on the stock. StockNews.com upgraded shares of QuickLogic to a “sell” rating in a research report on Wednesday, December 11th. Finally, Craig Hallum dropped their price objective on shares of QuickLogic from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.53.

Hedge Funds Weigh In On QuickLogic

Several large investors have recently modified their holdings of QUIK. Raymond James Financial Inc. bought a new position in shares of QuickLogic during the fourth quarter valued at $2,192,000. State Street Corp raised its stake in shares of QuickLogic by 15.6% during the third quarter. State Street Corp now owns 198,500 shares of the semiconductor company’s stock valued at $1,522,000 after acquiring an additional 26,774 shares during the last quarter. Sprott Inc. bought a new position in shares of QuickLogic during the fourth quarter valued at $170,000. Cutter & CO Brokerage Inc. bought a new position in shares of QuickLogic during the third quarter valued at $106,000. Finally, Quest Partners LLC raised its stake in shares of QuickLogic by 5,067.5% during the third quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 10,743 shares during the last quarter. Institutional investors own 31.54% of the company’s stock.

About QuickLogic

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.