QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.39 and traded as high as $6.87. QuickLogic shares last traded at $6.72, with a volume of 259,854 shares.
Analyst Upgrades and Downgrades
QUIK has been the subject of a number of analyst reports. Wall Street Zen raised shares of QuickLogic from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Oppenheimer reduced their price target on QuickLogic from $13.00 to $11.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $10.87.
Check Out Our Latest Analysis on QUIK
QuickLogic Trading Down 3.6%
The company has a market capitalization of $98.37 million, a P/E ratio of -15.15 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.14 and a current ratio of 1.18. The business has a fifty day moving average of $5.95 and a 200-day moving average of $6.32.
Institutional Trading of QuickLogic
A number of institutional investors have recently added to or reduced their stakes in QUIK. GAMMA Investing LLC grew its holdings in shares of QuickLogic by 5,920.0% during the 1st quarter. GAMMA Investing LLC now owns 6,321 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 6,216 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of QuickLogic during the 2nd quarter valued at $66,000. Wells Fargo & Company MN lifted its holdings in shares of QuickLogic by 49.4% during the fourth quarter. Wells Fargo & Company MN now owns 6,645 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 2,197 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of QuickLogic in the first quarter worth $87,000. Finally, Nuveen LLC purchased a new stake in shares of QuickLogic during the first quarter valued at approximately $95,000. Hedge funds and other institutional investors own 31.54% of the company's stock.
QuickLogic Company Profile
(
Get Free Report)
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.
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