QuickLogic Corporation (NASDAQ:QUIK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.58 and traded as high as $6.59. QuickLogic shares last traded at $6.23, with a volume of 149,163 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Oppenheimer lowered their target price on shares of QuickLogic from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Wall Street Zen raised shares of QuickLogic from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $10.87.
View Our Latest Report on QuickLogic
QuickLogic Trading Down 1.8%
The stock has a market capitalization of $97.26 million, a PE ratio of -14.98 and a beta of 0.71. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.03. The business's 50-day moving average is $5.91 and its two-hundred day moving average is $6.50.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in QUIK. GAMMA Investing LLC lifted its holdings in shares of QuickLogic by 5,920.0% in the first 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 in the last quarter. Wells Fargo & Company MN lifted its stake 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 buying an additional 2,197 shares during the period. Jane Street Group LLC purchased a new position in shares of QuickLogic during the first quarter valued at approximately $87,000. Nuveen LLC purchased a new position in shares of QuickLogic during the first quarter valued at approximately $95,000. Finally, Vident Advisory LLC purchased a new position in QuickLogic during the first quarter worth approximately $109,000. 31.54% of the stock is currently owned by institutional investors and hedge funds.
About QuickLogic
(
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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