Deutsche Bank AG Increases Stock Holdings in QuickLogic Corporation $QUIK

Key Points

• Deutsche Bank AG increased its stake in QuickLogic Corporation by 94.2%, owning approximately 0.88% of the company worth about $707,000 after acquiring 67,110 additional shares.
• QuickLogic's stock has experienced a 5.3% decline recently, opening at $5.35, with current ratings showing three analysts giving it a Buy rating and an average price target of $10.87.
• Other institutional investors, including Skandinaviska Enskilda Banken AB and GAMMA Investing LLC, have also significantly increased their positions in QuickLogic during the first quarter.

Deutsche Bank AG raised its stake in QuickLogic Corporation (NASDAQ:QUIK - Free Report) by 94.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,372 shares of the semiconductor company's stock after buying an additional 67,110 shares during the quarter. Deutsche Bank AG owned approximately 0.88% of QuickLogic worth $707,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in QuickLogic by 5,920.0% in the 1st quarter. GAMMA Investing LLC now owns 6,321 shares of the semiconductor company's stock valued at $32,000 after buying an additional 6,216 shares in the last quarter. Bank of America Corp DE grew its holdings in QuickLogic by 40.5% in the 4th quarter. Bank of America Corp DE now owns 13,091 shares of the semiconductor company's stock valued at $148,000 after buying an additional 3,773 shares in the last quarter. Wells Fargo & Company MN grew its holdings in QuickLogic by 49.4% in the 4th quarter. Wells Fargo & Company MN now owns 6,645 shares of the semiconductor company's stock valued at $75,000 after buying an additional 2,197 shares in the last quarter. Barclays PLC grew its holdings in QuickLogic by 11.0% in the 4th quarter. Barclays PLC now owns 21,834 shares of the semiconductor company's stock valued at $247,000 after buying an additional 2,158 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in QuickLogic by 111.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 41,948 shares of the semiconductor company's stock valued at $214,000 after buying an additional 22,083 shares in the last quarter. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on QUIK shares. Wall Street Zen cut QuickLogic from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Oppenheimer dropped their target price on QuickLogic from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $10.87.

QuickLogic Trading Down 7.1%

Shares of NASDAQ QUIK traded down $0.39 during mid-day trading on Friday, reaching $5.13. 212,973 shares of the company's stock were exchanged, compared to its average volume of 233,199. The firm has a market capitalization of $84.29 million, a price-to-earnings ratio of -10.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.27. QuickLogic Corporation has a 52-week low of $4.26 and a 52-week high of $13.36. The company's 50-day moving average is $6.06 and its 200-day moving average is $5.85.

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.