QuickLogic Co. (NASDAQ:QUIK) Position Increased by Deutsche Bank AG

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

Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of QuickLogic by 40.5% during the fourth quarter. Bank of America Corp DE now owns 13,091 shares of the semiconductor company's stock worth $148,000 after acquiring an additional 3,773 shares during the last quarter. Herald Investment Management Ltd grew its position in shares of QuickLogic by 46.1% during the fourth quarter. Herald Investment Management Ltd now owns 730,379 shares of the semiconductor company's stock worth $8,231,000 after acquiring an additional 230,379 shares during the last quarter. XTX Topco Ltd bought a new position in shares of QuickLogic during the fourth quarter worth about $141,000. Barclays PLC grew its position in shares of 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 acquiring an additional 2,158 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in QuickLogic in the fourth quarter worth about $2,192,000. Institutional investors own 31.54% of the company's stock.

QuickLogic Price Performance

QUIK stock traded up $0.02 during trading on Friday, hitting $5.18. The company had a trading volume of 111,014 shares, compared to its average volume of 195,275. The firm has a market capitalization of $82.03 million, a price-to-earnings ratio of -51.80 and a beta of 0.71. The business has a 50 day moving average of $5.27 and a 200 day moving average of $6.99. QuickLogic Co. has a fifty-two week low of $4.26 and a fifty-two week high of $13.36. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Oppenheimer reduced their price objective on shares of QuickLogic from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Wall Street Zen downgraded shares of QuickLogic from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, QuickLogic has a consensus rating of "Moderate Buy" and a consensus target price of $10.87.

QuickLogic Profile

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.