Raymond James Financial Inc. Makes New $2.19 Million Investment in QuickLogic Co. (NASDAQ:QUIK)

Raymond James Financial Inc. acquired a new stake in QuickLogic Co. (NASDAQ:QUIK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 194,006 shares of the semiconductor company's stock, valued at approximately $2,192,000. Raymond James Financial Inc. owned 1.32% of QuickLogic at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in shares of QuickLogic by 15.6% in the 3rd quarter. State Street Corp now owns 198,500 shares of the semiconductor company's stock valued at $1,522,000 after purchasing an additional 26,774 shares in the last quarter. Sprott Inc. acquired a new stake in shares of QuickLogic during the 4th quarter worth about $170,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in QuickLogic by 68.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 19,865 shares of the semiconductor company's stock valued at $233,000 after purchasing an additional 8,063 shares during the last quarter. Barclays PLC boosted its position in QuickLogic by 34.8% in the third quarter. Barclays PLC now owns 19,676 shares of the semiconductor company's stock valued at $150,000 after buying an additional 5,079 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in QuickLogic by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 311,241 shares of the semiconductor company's stock worth $3,518,000 after buying an additional 4,974 shares during the last quarter. 31.54% of the stock is owned by institutional investors and hedge funds.

QuickLogic Price Performance

NASDAQ:QUIK traded up $0.05 during mid-day trading on Tuesday, reaching $5.57. 74,707 shares of the company were exchanged, compared to its average volume of 205,014. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 0.06. The stock has a market cap of $88.00 million, a PE ratio of -55.70 and a beta of 0.71. QuickLogic Co. has a 12 month low of $4.26 and a 12 month high of $14.40. The company has a fifty day moving average of $5.41 and a 200 day moving average of $7.29.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of QuickLogic to a "sell" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.53.

QuickLogic 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.