QuickLogic (NASDAQ:QUIK) Director Sells $41,240.00 in Stock

Key Points

• Director Michael Farese sold 4,000 shares at an average price of $10.31 (totaling $41,240) under a pre-arranged Rule 10b5-1 plan, reducing his stake by 10.17% to 35,340 shares valued at about $364,355.
• QuickLogic shares traded around $9.94 (52‑week range $4.32–$10.36) with a market cap of ~$176 million, but the company reported a negative EPS (‑$0.17 last quarter), negative net margin and negative ROE, missing analyst estimates.
• Analysts are mixed (average rating: Hold) with a consensus target of $10.50, while several institutional investors have recently added to positions and institutions own roughly 31.5% of the stock.

QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) Director Michael Farese sold 4,000 shares of the company's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $10.31, for a total transaction of $41,240.00. Following the completion of the sale, the director directly owned 35,340 shares of the company's stock, valued at $364,355.40. The trade was a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 $0.04 on Tuesday, reaching $9.94. The company's stock had a trading volume of 181,413 shares, compared to its average volume of 189,182. The stock's 50-day moving average is $8.40 and its two-hundred day moving average is $7.28. QuickLogic Corporation has a 52-week low of $4.32 and a 52-week high of $10.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $176.14 million, a P/E ratio of -11.04 and a beta of 0.59.

QuickLogic (NASDAQ:QUIK - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). QuickLogic had a negative net margin of 107.70% and a negative return on equity of 47.54%. The business had revenue of $3.73 million during the quarter, compared to analysts' expectations of $3.50 million. As a group, sell-side analysts forecast that QuickLogic Corporation will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in QuickLogic in the fourth quarter valued at about $166,000. Captrust Financial Advisors increased its holdings in QuickLogic by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 35,618 shares of the semiconductor company's stock valued at $214,000 after buying an additional 1,547 shares in the last quarter. Squarepoint Ops LLC purchased a new position in QuickLogic in the fourth quarter valued at about $84,000. State Street Corp increased its holdings in QuickLogic by 5.0% in the fourth quarter. State Street Corp now owns 65,056 shares of the semiconductor company's stock valued at $391,000 after buying an additional 3,100 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in QuickLogic by 245.2% in the fourth quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company's stock valued at $288,000 after buying an additional 34,029 shares in the last quarter. 31.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Lake Street Capital assumed coverage on shares of QuickLogic in a report on Monday, February 9th. They set a "buy" rating and a $10.00 price target for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of QuickLogic in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.50.

About QuickLogic

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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