QuickLogic (QUIK) to Release Earnings on Monday

QuickLogic (NASDAQ:QUIK - Get Free Report) is set to issue its quarterly earnings data after the market closes on Monday, May 13th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

QuickLogic (NASDAQ:QUIK - Get Free Report) last released its earnings results on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $7.48 million for the quarter, compared to analysts' expectations of $7.40 million. On average, analysts expect QuickLogic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuickLogic Stock Performance

Shares of QUIK stock traded down $0.36 during trading hours on Wednesday, hitting $12.99. 234,904 shares of the company were exchanged, compared to its average volume of 274,492. QuickLogic has a 52-week low of $5.09 and a 52-week high of $20.75. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $15.00 and a 200 day simple moving average of $13.18. The stock has a market capitalization of $186.76 million, a price-to-earnings ratio of -324.75 and a beta of 1.61.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

QuickLogic Company 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.