Herald Investment Management Ltd grew its position in QuickLogic Co. (NASDAQ:QUIK - Free Report) by 46.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 730,379 shares of the semiconductor company's stock after purchasing an additional 230,379 shares during the quarter. QuickLogic comprises approximately 1.3% of Herald Investment Management Ltd's investment portfolio, making the stock its 25th biggest holding. Herald Investment Management Ltd owned about 4.97% of QuickLogic worth $8,231,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Crews Bank & Trust purchased a new stake in shares of QuickLogic during the fourth quarter valued at $28,000. Wells Fargo & Company MN boosted its position in QuickLogic by 49.4% in the fourth 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 during the last quarter. XTX Topco Ltd acquired a new position in QuickLogic in the 4th quarter worth approximately $141,000. Sprott Inc. purchased a new position in QuickLogic during the 4th quarter worth approximately $170,000. Finally, Barclays PLC increased its stake in shares of QuickLogic by 34.8% in the third quarter. Barclays PLC now owns 19,676 shares of the semiconductor company's stock worth $150,000 after acquiring an additional 5,079 shares during the period. 31.54% of the stock is owned by institutional investors and hedge funds.
QuickLogic Stock Performance
NASDAQ QUIK traded up $0.25 during mid-day trading on Wednesday, reaching $4.85. 43,762 shares of the stock were exchanged, compared to its average volume of 217,281. The company has a market capitalization of $76.63 million, a P/E ratio of -48.50 and a beta of 1.15. 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 business's 50 day moving average is $5.82 and its 200-day moving average is $7.50. QuickLogic Co. has a 1 year low of $4.26 and a 1 year high of $16.13.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded QuickLogic to a "sell" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, QuickLogic currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.53.
Read Our Latest Stock Analysis on QuickLogic
QuickLogic Company 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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