Silverberg Bernstein Capital Management LLC Acquires New Shares in QuickLogic Co. (NASDAQ:QUIK)

Silverberg Bernstein Capital Management LLC acquired a new stake in QuickLogic Co. (NASDAQ:QUIK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,808 shares of the semiconductor company’s stock, valued at approximately $219,000.

A number of other large investors have also made changes to their positions in the company. Advisor Group Holdings Inc. increased its position in shares of QuickLogic by 5.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 39,506 shares of the semiconductor company’s stock valued at $216,000 after buying an additional 1,993 shares in the last quarter. UBS Group AG increased its position in shares of QuickLogic by 7.9% in the 3rd quarter. UBS Group AG now owns 37,474 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 2,738 shares in the last quarter. State Street Corp increased its holdings in QuickLogic by 10.4% during the 1st quarter. State Street Corp now owns 31,681 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 2,973 shares in the last quarter. Acadian Asset Management LLC bought a new position in QuickLogic during the 3rd quarter worth about $26,000. Finally, Raymond James & Associates increased its holdings in QuickLogic by 7.9% during the 4th quarter. Raymond James & Associates now owns 42,181 shares of the semiconductor company’s stock worth $585,000 after purchasing an additional 3,091 shares in the last quarter. Institutional investors own 31.54% of the company’s stock.

QuickLogic Stock Performance

Shares of NASDAQ QUIK opened at $15.98 on Wednesday. The business has a 50-day moving average of $14.35 and a 200-day moving average of $12.05. QuickLogic Co. has a fifty-two week low of $5.09 and a fifty-two week high of $20.75.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. QuickLogic had a negative return on equity of 1.98% and a negative net margin of 1.24%. The company had revenue of $7.48 million during the quarter, compared to analysts’ expectations of $7.40 million. Research analysts anticipate that QuickLogic Co. will post 0.17 EPS for the current fiscal year.

Insider Activity at QuickLogic

In other QuickLogic news, Director Russell Christine sold 4,444 shares of the firm’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 sale, the director now directly owns 3,717 shares in the company, valued at $62,222.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other QuickLogic news, VP Timothy Saxe sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were 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 directly owns 120,755 shares in the company, valued at $1,971,929.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Russell Christine sold 4,444 shares of QuickLogic 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 sale, the director now owns 3,717 shares of the company’s stock, valued at $62,222.58. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TheStreet upgraded QuickLogic from a “d” rating to a “c” rating in a report on Thursday, February 29th. StockNews.com upgraded QuickLogic from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $16.00 target price (up previously from $12.00) on shares of QuickLogic in a report on Wednesday, February 28th.

QuickLogic Profile

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.