QuickLogic (NASDAQ:QUIK) Stock Price Target Cut by Needham & Company LLC

Key Points

• Needham cut its QuickLogic price target from $20 to $12 but maintained a Buy rating; the new target implies about 46% upside from the prior close. Across analysts, the stock’s average rating is Hold with a $17 average target.
• QuickLogic reported quarterly revenue of $5.14 million and a loss of $0.07 per share, both missing analyst expectations; revenue also fell 6.3% sequentially.
• Despite the quarterly shortfall, revenue from continuing operations rose 153.2% year over year, driven largely by new products, and the company announced an eFPGA design win for an automotive/industrial application.

QuickLogic (NASDAQ:QUIK - Get Free Report) had its price target decreased by equities researchers at Needham & Company LLC from $20.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's price target would indicate a potential upside of 45.99% from the company's previous close.

Separately, Weiss Ratings downgraded shares of QuickLogic from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, October 30th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.00.

QuickLogic Stock Performance

QuickLogic stock opened at $8.22 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.15 and a quick ratio of 2.06. The stock has a fifty day moving average of $10.04 and a two-hundred day moving average of $12.56. QuickLogic has a fifty-two week low of $5.28 and a fifty-two week high of $24.33.

QuickLogic (NASDAQ:QUIK - Get Free Report) last released its quarterly earnings results on Tuesday, November 10th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The company had revenue of $5.14 million during the quarter, compared to analyst estimates of $5.51 million. QuickLogic had a negative return on equity of 45.22% and a negative net margin of 80.18%. As a group, analysts forecast that QuickLogic will post -0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at QuickLogic

In other news, VP Timothy Saxe sold 15,190 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $10.80, for a total transaction of $164,052.00. Following the sale, the vice president owned 143,976 shares in the company, valued at $1,554,940.80. This trade represents a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elias Nader sold 12,152 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $10.80, for a total transaction of $131,241.60. Following the transaction, the chief financial officer directly owned 82,255 shares in the company, valued at approximately $888,354. This represents a 12.87% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 90,044 shares of company stock worth $950,748. Insiders own 3.20% of the company's stock.

Institutional Trading of QuickLogic

A number of institutional investors and hedge funds have recently made changes to their positions in QUIK. Aberdeen Group plc purchased a new position in shares of QuickLogic in the 3rd quarter worth $734,000. State of Wyoming increased its stake in QuickLogic by 502.5% during the third quarter. State of Wyoming now owns 20,875 shares of the semiconductor company's stock worth $237,000 after acquiring an additional 17,410 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in QuickLogic by 1,752.8% during the third quarter. SBI Securities Co. Ltd. now owns 18,213 shares of the semiconductor company's stock worth $207,000 after acquiring an additional 17,230 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of QuickLogic in the 2nd quarter worth about $754,000. Finally, Bank of America Corp DE raised its holdings in shares of QuickLogic by 382.8% in the 1st quarter. Bank of America Corp DE now owns 28,771 shares of the semiconductor company's stock worth $270,000 after purchasing an additional 22,812 shares during the period. 31.54% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about QuickLogic

Here are the key news stories impacting QuickLogic this week:

• Positive Sentiment: Fiscal Q3 revenue from continuing operations rose 153.2% year over year to $5.1 million, driven largely by about $4.0 million in new-product revenue. QuickLogic also reported a six-figure eFPGA Hard IP design win for an automotive/industrial system-on-chip application. QuickLogic Reports Fiscal Third Quarter 2026 Financial Results
• Neutral Sentiment: The company’s GAAP net loss narrowed to $2.2 million from $4.0 million a year earlier. QuickLogic ended the quarter with $19.2 million in cash and cash equivalents and named James Sullivan senior vice president of finance and CFO. QuickLogic Reports Q3 Revenue as Net Loss Narrows
• Negative Sentiment: Revenue was down 6.3% sequentially and missed the $5.51 million consensus estimate. QuickLogic reported a loss of $0.07 per share, wider than analysts’ expected $0.05 loss. These shortfalls temper the headline year-over-year growth. QuickLogic Reports Q3 Loss, Lags Revenue Estimates

QuickLogic Company Profile

QuickLogic Corporation is a fabless semiconductor company that develops low-power, programmable semiconductor solutions and embedded FPGA (eFPGA) intellectual property. Its technology is designed to allow customers to add configurable logic to application-specific integrated circuits (ASICs) and systems-on-chip (SoCs), helping support customization, connectivity, sensor processing and other functions without requiring a separate FPGA device. The company offers eFPGA IP, customer-specific standard products (CSSPs), and related development tools and design services.

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