1492 Capital Management LLC acquired a new stake in QuickLogic Corporation (NASDAQ:QUIK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 153,492 shares of the semiconductor company's stock, valued at approximately $784,000. 1492 Capital Management LLC owned approximately 0.97% of QuickLogic at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in QuickLogic by 5,920.0% during the 1st quarter. GAMMA Investing LLC now owns 6,321 shares of the semiconductor company's stock worth $32,000 after buying an additional 6,216 shares during the period. Wells Fargo & Company MN grew its position in shares of QuickLogic by 49.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,645 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 2,197 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of QuickLogic during the 4th quarter worth approximately $141,000. Bank of America Corp DE grew its position in shares of QuickLogic by 40.5% during the 4th quarter. Bank of America Corp DE now owns 13,091 shares of the semiconductor company's stock worth $148,000 after purchasing an additional 3,773 shares in the last quarter. Finally, Barclays PLC grew its position in shares of QuickLogic by 11.0% during the 4th quarter. Barclays PLC now owns 21,834 shares of the semiconductor company's stock worth $247,000 after purchasing an additional 2,158 shares in the last quarter. Institutional investors own 31.54% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on QUIK. Oppenheimer decreased their target price on shares of QuickLogic from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Wall Street Zen raised QuickLogic from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $10.87.
Read Our Latest Analysis on QUIK
QuickLogic Price Performance
Shares of QUIK traded down $0.23 during trading hours on Friday, hitting $6.21. 116,485 shares of the company were exchanged, compared to its average volume of 280,174. The company has a market cap of $98.34 million, a price-to-earnings ratio of -15.15 and a beta of 0.71. QuickLogic Corporation has a fifty-two week low of $4.26 and a fifty-two week high of $13.36. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $5.95 and its 200 day moving average is $6.30.
QuickLogic Profile
(
Free Report)
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.
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