QuickLogic - QUIK Stock Forecast, Price & News

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions. The company's products include pASIC 3, QuickRAM, QuickPCI, EOS, QuickAI, SensiML Analytics Studio, ArcticLink III, PolarPro 3, PolarPro II, PolarPro, and Eclipse II, as well as silicon platforms, IP cores, software drivers, firmware, and application software. It delivers its solutions through ultra-low power customer programmable System on Chip (SoC) semiconductor solutions, embedded software, and algorithm solutions for always-on voice and sensor processing, and enhanced visual experiences. In addition, the company licenses FPGA technology for use in other semiconductor companies SoCs. It markets and sells its products to original equipment manufacturers and original design manufacturers through a network of sales managers and distributors in North America, Europe, and the Asia Pacific. QuickLogic Corporation was founded in 1988 and is headquartered in San Jose, California.

QuickLogic Stock Down 2.6 %

Shares of QuickLogic stock opened at $7.72 on Wednesday. The business has a 50-day moving average price of $7.92 and a 200 day moving average price of $6.18. The firm has a market cap of $95.70 million, a PE ratio of -14.85 and a beta of 1.73. QuickLogic has a twelve month low of $4.25 and a twelve month high of $9.21.

QuickLogic (NASDAQ:QUIK - Get Rating) last posted its quarterly earnings results on Tuesday, May 17th. The semiconductor company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. QuickLogic had a negative net margin of 41.89% and a negative return on equity of 64.64%. The business had revenue of $4.10 million during the quarter, compared to analysts' expectations of $4.00 million. During the same quarter in the prior year, the company posted ($0.15) EPS. On average, sell-side analysts expect that QuickLogic will post -0.27 EPS for the current year.

Analyst Upgrades and Downgrades

QUIK has been the topic of a number of research reports. StockNews.com assumed coverage on QuickLogic in a report on Thursday, June 30th. They issued a "hold" rating on the stock. Oppenheimer cut their price target on shares of QuickLogic to $8.00 and set a "na" rating on the stock in a report on Wednesday, May 18th.

Insider Buying and Selling at QuickLogic

In other news, Director Russell Christine sold 4,542 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $7.69, for a total transaction of $34,927.98. Following the completion of the sale, the director now owns 1 shares in the company, valued at $7.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Russell Christine sold 4,542 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $7.69, for a total transaction of $34,927.98. Following the completion of the transaction, the director now directly owns 1 shares of the company's stock, valued at approximately $7.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian C. Faith sold 16,395 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $7.71, for a total transaction of $126,405.45. Following the completion of the transaction, the chief executive officer now directly owns 135,339 shares of the company's stock, valued at $1,043,463.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,153 shares of company stock worth $162,550. 2.88% of the stock is currently owned by insiders.