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

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

Separately, Oppenheimer decreased their price target on QuickLogic from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $10.87.

QuickLogic Stock Performance

NASDAQ QUIK traded down $0.02 during trading on Friday, hitting $5.90. 98,372 shares of the company's stock traded hands, compared to its average volume of 192,012. The business has a 50 day moving average of $5.47 and a 200-day moving average of $6.86. QuickLogic has a 12-month low of $4.26 and a 12-month high of $13.36. The stock has a market capitalization of $93.46 million, a price-to-earnings ratio of -14.39 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.14 and a current ratio of 1.18.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of QuickLogic in the fourth quarter worth approximately $2,192,000. Wells Fargo & Company MN increased its position in shares of QuickLogic by 49.4% in the fourth 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. Barclays PLC increased its position in shares of QuickLogic by 11.0% in the fourth 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. Deutsche Bank AG increased its position in shares of QuickLogic by 18,802.4% in the fourth quarter. Deutsche Bank AG now owns 71,262 shares of the semiconductor company's stock worth $805,000 after purchasing an additional 70,885 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of QuickLogic by 40.5% in the fourth 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. 31.54% of the stock is currently owned by institutional investors.

About QuickLogic

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.