QuickLogic (NASDAQ:QUIK) Director Michael Farese Sells 4,800 Shares

Key Points

• Director Michael Farese sold 4,800 shares at an average price of $11.71 for $56,208, reducing his stake by 13.58% to 30,540 shares; the transaction was executed under a pre‑arranged Rule 10b5‑1 trading plan and disclosed in an SEC filing.
• Company performance and outlook: QUIK traded at $11.79 (near its 12‑month high of $11.80) with a market cap of ~$209M, but reported a Q that missed EPS (-$0.17 vs. -$0.11), has negative margins, and carries an average analyst rating of “Hold” with a $10.50 price target.

QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) Director Michael Farese sold 4,800 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $11.71, for a total value of $56,208.00. Following the completion of the sale, the director owned 30,540 shares of the company's stock, valued at approximately $357,623.40. This trade represents a 13.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuickLogic Stock Performance

Shares of NASDAQ:QUIK traded up $0.51 during trading on Tuesday, hitting $11.79. The stock had a trading volume of 212,145 shares, compared to its average volume of 193,582. QuickLogic Corporation has a 12-month low of $4.34 and a 12-month high of $11.80. The stock has a market capitalization of $208.92 million, a price-to-earnings ratio of -13.10 and a beta of 0.59. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $7.45.

QuickLogic (NASDAQ:QUIK - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.06). QuickLogic had a negative return on equity of 47.54% and a negative net margin of 107.70%.The firm had revenue of $3.73 million during the quarter, compared to analysts' expectations of $3.50 million. On average, equities research analysts expect that QuickLogic Corporation will post -0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QUIK. Weiss Ratings restated a "sell (d-)" rating on shares of QuickLogic in a research note on Friday, March 27th. Lake Street Capital began coverage on QuickLogic in a research note on Monday, February 9th. They issued a "buy" rating and a $10.00 price objective for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $10.50.

Institutional Trading of QuickLogic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 4,902 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in QuickLogic during the third quarter worth about $71,000. Squarepoint Ops LLC acquired a new stake in QuickLogic during the fourth quarter worth about $84,000. Jane Street Group LLC acquired a new stake in QuickLogic during the first quarter worth about $87,000. Finally, Dimensional Fund Advisors LP acquired a new stake in QuickLogic during the fourth quarter worth about $102,000. 31.54% of the stock is owned by institutional investors and hedge funds.

QuickLogic Company Profile

QuickLogic Corporation NASDAQ: QUIK is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company's products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic's technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic's key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.

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