StockNews.com upgraded shares of QuickLogic (NASDAQ:QUIK - Free Report) to a sell rating in a research note issued to investors on Tuesday morning.
QuickLogic Trading Up 8.3 %
Shares of NASDAQ:QUIK traded up $0.41 during midday trading on Tuesday, hitting $5.34. 92,865 shares of the stock were exchanged, compared to its average volume of 212,968. The business's 50-day moving average price is $5.63 and its 200 day moving average price is $7.44. QuickLogic has a 12 month low of $4.26 and a 12 month high of $16.13. 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 stock has a market capitalization of $84.37 million, a price-to-earnings ratio of -53.40 and a beta of 1.15.
Hedge Funds Weigh In On QuickLogic
Several institutional investors and hedge funds have recently added to or reduced their stakes in QUIK. Crews Bank & Trust bought a new stake in shares of QuickLogic in the fourth quarter worth $28,000. GAMMA Investing LLC lifted its holdings in QuickLogic by 5,920.0% during the 1st quarter. GAMMA Investing LLC now owns 6,321 shares of the semiconductor company's stock worth $32,000 after buying an additional 6,216 shares during the period. Wells Fargo & Company MN grew its position in shares of QuickLogic by 49.4% in the 4th 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 last quarter. XTX Topco Ltd bought a new stake in shares of QuickLogic in the 4th quarter valued at about $141,000. Finally, Bank of America Corp DE increased its stake 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 valued at $148,000 after buying an additional 3,773 shares during the period. 31.54% of the stock is currently owned by institutional investors and hedge funds.
About QuickLogic
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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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