UBS Group AG Reduces Stake in QuickLogic Corporation (NASDAQ:QUIK)
UBS Group AG decreased its stake in shares of QuickLogic Corporation (NASDAQ:QUIK) by 3.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 362,533 shares of the semiconductor company’s stock after selling 11,146 shares during the period. UBS Group AG owned 0.53% of QuickLogic Corporation worth $645,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of QUIK. First Mercantile Trust Co. raised its stake in shares of QuickLogic Corporation by 48.5% in the first quarter. First Mercantile Trust Co. now owns 82,670 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 27,006 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of QuickLogic Corporation during the first quarter valued at $189,000. Creative Planning raised its stake 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 valued at $287,000 after buying an additional 151,500 shares during the period. EAM Investors LLC purchased a new stake in shares of QuickLogic Corporation during the first quarter valued at $609,000. Finally, Firsthand Capital Management Inc. raised its stake in shares of QuickLogic Corporation by 92.6% in the first quarter. Firsthand Capital Management Inc. now owns 520,000 shares of the semiconductor company’s stock valued at $926,000 after buying an additional 250,000 shares during the period. Institutional investors and hedge funds own 20.23% of the company’s stock.
Shares of QuickLogic Corporation (NASDAQ:QUIK) traded up 1.57% on Friday, reaching $1.29. The company’s stock had a trading volume of 244,989 shares. The company’s market capitalization is $103.34 million. The company’s 50-day moving average is $1.39 and its 200 day moving average 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 released its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates 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 in the prior year, the firm posted ($0.07) earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts anticipate that QuickLogic Corporation will post ($0.17) earnings per share for the current fiscal year.
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QUIK has been the subject of several recent research reports. Zacks Investment Research raised QuickLogic Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Roth Capital downgraded QuickLogic Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, May 11th.
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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