QuickLogic Corporation (NASDAQ:QUIK - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.
Wall Street Analyst Weigh In
A number of research firms have recently commented on QUIK. Oppenheimer reduced their price target on shares of QuickLogic from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Wall Street Zen upgraded QuickLogic from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $10.87.
View Our Latest Report on QuickLogic
QuickLogic Trading Up 5.6%
The firm has a market capitalization of $103.91 million, a P/E ratio of -15.98 and a beta of 0.71. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $5.95 and a two-hundred day simple moving average of $6.28.
Institutional Investors Weigh In On QuickLogic
Several institutional investors have recently bought and sold shares of QUIK. Vanguard Personalized Indexing Management LLC purchased a new position in QuickLogic during the second quarter worth approximately $66,000. Goldman Sachs Group Inc. boosted its stake in shares of QuickLogic by 62.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,158 shares of the semiconductor company's stock valued at $282,000 after buying an additional 21,275 shares during the period. Jane Street Group LLC acquired a new stake in QuickLogic in the first quarter valued at $87,000. Vident Advisory LLC acquired a new stake in QuickLogic during the 1st quarter worth $109,000. Finally, Sprott Inc. grew its stake in QuickLogic by 86.7% during the 1st quarter. Sprott Inc. now owns 28,000 shares of the semiconductor company's stock worth $143,000 after buying an additional 13,000 shares during the last quarter. 31.54% of the stock is currently owned by institutional investors and hedge funds.
QuickLogic Company Profile
(
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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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