QuickLogic (NASDAQ:QUIK) Upgraded by Wall Street Zen to Hold Rating

QuickLogic (NASDAQ:QUIK - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Separately, Oppenheimer cut their target price 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 investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, QuickLogic presently has an average rating of "Buy" and a consensus price target of $10.87.

QuickLogic Stock Down 4.1%

NASDAQ QUIK opened at $5.68 on Friday. The business has a fifty day moving average price of $5.43 and a 200 day moving average price of $6.89. QuickLogic has a one year low of $4.26 and a one year high of $13.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. The company has a market cap of $89.95 million, a P/E ratio of -56.80 and a beta of 0.65.

Institutional Trading of QuickLogic

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Perkins Capital Management Inc. increased its position in shares of QuickLogic by 0.9% during the 4th quarter. Perkins Capital Management Inc. now owns 202,956 shares of the semiconductor company's stock worth $2,293,000 after purchasing an additional 1,850 shares during the last quarter. Barclays PLC increased its position in shares of QuickLogic by 11.0% during the 4th quarter. Barclays PLC now owns 21,834 shares of the semiconductor company's stock worth $247,000 after purchasing an additional 2,158 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of QuickLogic by 49.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,645 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 2,197 shares during the last quarter. Bank of America Corp DE increased its position in shares of QuickLogic by 40.5% during the 4th quarter. Bank of America Corp DE now owns 13,091 shares of the semiconductor company's stock worth $148,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in QuickLogic by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 311,241 shares of the semiconductor company's stock valued at $3,518,000 after acquiring an additional 4,974 shares during the period. 31.54% of the stock is owned by institutional investors and hedge funds.

QuickLogic Company Profile

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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