QuickLogic Co. (NASDAQ:QUIK) VP Sells $30,675.96 in Stock

QuickLogic Co. (NASDAQ:QUIK - Get Free Report) VP Timothy Saxe sold 1,974 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 $30,675.96. Following the completion of the transaction, the vice president now directly owns 124,136 shares of the company's stock, valued at approximately $1,929,073.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Timothy Saxe also recently made the following trade(s):

• On Thursday, March 21st, Timothy Saxe sold 10,000 shares of QuickLogic stock. The stock was sold at an average price of $16.33, for a total transaction of $163,300.00.

QuickLogic Stock Performance

Shares of NASDAQ QUIK traded down $0.31 during midday trading on Thursday, reaching $14.82. 248,302 shares of the company traded hands, compared to its average volume of 257,450. QuickLogic Co. has a 52 week low of $5.09 and a 52 week high of $20.75. The stock has a 50-day moving average price of $14.58 and a 200 day moving average price of $12.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.10. The company has a market cap of $213.07 million, a price-to-earnings ratio of -370.50 and a beta of 1.63.

QuickLogic (NASDAQ:QUIK - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $7.48 million for the quarter, compared to analysts' expectations of $7.40 million. Sell-side analysts anticipate that QuickLogic Co. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On QuickLogic

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in QuickLogic during the third quarter worth about $111,000. Raymond James & Associates acquired a new position in QuickLogic during the third quarter worth about $336,000. Acadian Asset Management LLC acquired a new position in QuickLogic during the third quarter worth about $26,000. Silverberg Bernstein Capital Management LLC acquired a new position in QuickLogic during the fourth quarter worth about $219,000. Finally, EAM Investors LLC grew its holdings in QuickLogic by 17.0% during the third quarter. EAM Investors LLC now owns 167,485 shares of the semiconductor company's stock worth $1,440,000 after acquiring an additional 24,316 shares during the period. 31.54% of the stock is currently owned by institutional investors.

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.