QuickLogic (NASDAQ:QUIK) Stock Price Passes Above Two Hundred Day Moving Average of $12.59

QuickLogic Co. (NASDAQ:QUIK - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.59 and traded as high as $13.93. QuickLogic shares last traded at $13.86, with a volume of 180,763 shares.

Analysts Set New Price Targets

Several research firms have weighed in on QUIK. TheStreet upgraded shares of QuickLogic from a "d" rating to a "c" rating in a research report on Thursday, February 29th. StockNews.com raised shares of QuickLogic from a "sell" rating to a "hold" rating in a research note on Saturday, February 3rd. Finally, Oppenheimer reissued an "outperform" rating and set a $16.00 target price (up previously from $12.00) on shares of QuickLogic in a research note on Wednesday, February 28th.

QuickLogic Stock Down 5.3 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.17. The business's 50 day simple moving average is $14.80 and its 200-day simple moving average is $12.62. The company has a market cap of $188.81 million, a price-to-earnings ratio of -328.17 and a beta of 1.63.

QuickLogic (NASDAQ:QUIK - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. QuickLogic had a negative net margin of 1.24% and a negative return on equity of 1.85%. The business had revenue of $7.48 million during the quarter, compared to analyst estimates of $7.40 million. Sell-side analysts expect that QuickLogic Co. will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Elias Nader sold 2,474 shares of QuickLogic stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $15.54, for a total value of $38,445.96. Following the transaction, the chief financial officer now owns 44,207 shares in the company, valued at approximately $686,976.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Elias Nader sold 2,474 shares of QuickLogic stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $15.54, for a total value of $38,445.96. Following the transaction, the chief financial officer now owns 44,207 shares in the company, valued at approximately $686,976.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian C. Faith sold 2,810 shares of QuickLogic stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.54, for a total transaction of $43,667.40. Following the completion of the transaction, the chief executive officer now owns 192,393 shares in the company, valued at approximately $2,989,787.22. The disclosure for this sale can be found here. Insiders have sold 21,702 shares of company stock worth $350,482 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QUIK. Vanguard Group Inc. increased its holdings in shares of QuickLogic by 10.7% during the 3rd quarter. Vanguard Group Inc. now owns 793,157 shares of the semiconductor company's stock worth $6,821,000 after purchasing an additional 76,352 shares during the period. Raymond James & Associates bought a new position in shares of QuickLogic during the 3rd quarter worth about $336,000. Osaic Holdings Inc. increased its stake in QuickLogic by 108.2% in the second quarter. Osaic Holdings Inc. now owns 58,092 shares of the semiconductor company's stock valued at $534,000 after acquiring an additional 30,194 shares during the period. Balyasny Asset Management L.P. bought a new stake in QuickLogic in the fourth quarter valued at about $413,000. Finally, Quadrature Capital Ltd increased its stake in QuickLogic by 188.9% in the fourth quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company's stock valued at $515,000 after acquiring an additional 24,347 shares during the period. Institutional investors own 31.54% of the company's stock.

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.