Investment analysts at StockNews.com began coverage on shares of QuickLogic (NASDAQ:QUIK – Get Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the semiconductor company’s stock.
QuickLogic Price Performance
Shares of NASDAQ:QUIK opened at $9.12 on Thursday. The business’s 50 day simple moving average is $7.06 and its 200-day simple moving average is $6.17. The firm has a market capitalization of $124.85 million, a price-to-earnings ratio of -27.64 and a beta of 1.68. QuickLogic has a 12 month low of $4.92 and a 12 month high of $9.70.
QuickLogic (NASDAQ:QUIK – Get Free Report) last announced its quarterly earnings results on Tuesday, May 16th. The semiconductor company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.03. QuickLogic had a negative return on equity of 36.19% and a negative net margin of 26.71%. The business had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.30 million. On average, equities analysts anticipate that QuickLogic will post -0.22 earnings per share for the current year.
Institutional Trading of QuickLogic
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cowen Prime Advisors LLC purchased a new stake in QuickLogic during the 4th quarter worth $81,000. State Street Corp boosted its position in QuickLogic by 10.4% in the 1st quarter. State Street Corp now owns 31,681 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 2,973 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in 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 during the last quarter. UBS Group AG boosted its position in 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 during the last quarter. Finally, Herald Investment Management Ltd boosted its position in QuickLogic by 22.6% in the 1st quarter. Herald Investment Management Ltd now owns 407,279 shares of the semiconductor company’s stock valued at $2,411,000 after buying an additional 75,000 shares during the last quarter. 20.68% of the stock is currently owned by institutional investors and hedge funds.
About QuickLogic
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.