QuickLogic Corporation (NASDAQ:QUIK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “QuickLogic Corporation is a semiconductor provider of ultra-low power, comprehensive, flexible sensor processing solutions enabling significantly longer battery life for the Smartphone, Wearable, and IoT markets. They are the only company integrating multi-core processing, programmable logic, sensor fusion and context aware algorithms, and embedded software. QuickLogic accelerates the pace of innovation for always-on motion, light, environmental, location, and voice-enabled user experiences. “

Separately, Roth Capital cut QuickLogic Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, May 11th.

Shares of QuickLogic Corporation (NASDAQ QUIK) opened at 1.25 on Tuesday. The firm’s market cap is $100.14 million. The company’s 50 day moving average price is $1.40 and its 200 day moving average price is $1.53. QuickLogic Corporation has a 12-month low of $0.75 and a 12-month high of $2.48.

QuickLogic Corporation (NASDAQ:QUIK) last announced its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05). QuickLogic Corporation had a negative return on equity of 84.50% and a negative net margin of 130.99%. The firm had revenue of $3.03 million for the quarter, compared to analysts’ expectations of $3.20 million. During the same period last year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts forecast that QuickLogic Corporation will post ($0.17) EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. EAM Investors LLC bought a new position in shares of QuickLogic Corporation during the first quarter worth about $609,000. Driehaus Capital Management LLC bought a new position in shares of QuickLogic Corporation during the first quarter worth about $821,000. AWM Investment Company Inc. bought a new position in shares of QuickLogic Corporation during the first quarter worth about $178,000. Segantii Capital Management Ltd bought a new position in shares of QuickLogic Corporation during the first quarter worth about $189,000. Finally, Creative Planning boosted its position in shares of QuickLogic Corporation by 1,565.6% in the first quarter. Creative Planning now owns 161,177 shares of the semiconductor company’s stock worth $287,000 after buying an additional 151,500 shares during the period. 20.23% of the stock is currently owned by hedge funds and other institutional investors.

About QuickLogic Corporation

QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).

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