Deutsche Bank AG Acquires 70,885 Shares of QuickLogic Co. (NASDAQ:QUIK)

Deutsche Bank AG lifted its position in QuickLogic Co. (NASDAQ:QUIK - Free Report) by 18,802.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,262 shares of the semiconductor company's stock after buying an additional 70,885 shares during the quarter. Deutsche Bank AG owned about 0.48% of QuickLogic worth $805,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Herald Investment Management Ltd grew its stake in shares of QuickLogic by 46.1% in the 4th quarter. Herald Investment Management Ltd now owns 730,379 shares of the semiconductor company's stock valued at $8,231,000 after buying an additional 230,379 shares in the last quarter. Geode Capital Management LLC boosted its position in QuickLogic by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 311,241 shares of the semiconductor company's stock worth $3,518,000 after purchasing an additional 4,974 shares during the period. Perkins Capital Management Inc. boosted its position in QuickLogic by 0.9% during the fourth quarter. Perkins Capital Management Inc. now owns 202,956 shares of the semiconductor company's stock worth $2,293,000 after purchasing an additional 1,850 shares during the period. Raymond James Financial Inc. bought a new stake in QuickLogic during the fourth quarter worth approximately $2,192,000. Finally, Barclays PLC boosted its position in QuickLogic by 11.0% during the fourth quarter. Barclays PLC now owns 21,834 shares of the semiconductor company's stock worth $247,000 after purchasing an additional 2,158 shares during the period. Institutional investors own 31.54% of the company's stock.

QuickLogic Stock Performance

Shares of QUIK traded up $0.02 during mid-day trading on Friday, hitting $5.18. The company's stock had a trading volume of 111,014 shares, compared to its average volume of 195,069. QuickLogic Co. has a one year low of $4.26 and a one year high of $13.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. The firm has a market capitalization of $82.03 million, a PE ratio of -51.80 and a beta of 0.71. The stock's 50-day moving average is $5.27 and its two-hundred day moving average is $7.00.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QUIK. Wall Street Zen cut QuickLogic from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Oppenheimer decreased their target price on QuickLogic from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.87.

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.