Roth Capital upgraded shares of QuickLogic Corporation (NASDAQ:QUIK) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat reports. Roth Capital currently has $2.00 price objective on the semiconductor company’s stock, up from their previous price objective of $1.50.

A number of other research firms also recently weighed in on QUIK. ValuEngine downgraded QuickLogic Corporation from a hold rating to a sell rating in a research report on Friday, September 1st. Zacks Investment Research upgraded QuickLogic Corporation from a sell rating to a hold rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $2.31.

QuickLogic Corporation (NASDAQ QUIK) opened at 1.68 on Monday. The company’s market cap is $134.59 million. The company’s 50-day moving average price is $1.40 and its 200 day moving average price is $1.51. QuickLogic Corporation has a 52 week low of $0.75 and a 52 week high of $2.48.

QuickLogic Corporation (NASDAQ:QUIK) last issued its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The firm had revenue of $3.03 million during the quarter, compared to the consensus estimate of $3.20 million. QuickLogic Corporation had a negative return on equity of 84.50% and a negative net margin of 130.99%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, analysts anticipate that QuickLogic Corporation will post ($0.17) EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of QuickLogic Corporation by 10.6% during the second quarter. Bank of New York Mellon Corp now owns 79,489 shares of the semiconductor company’s stock worth $116,000 after acquiring an additional 7,624 shares during the last quarter. Sei Investments Co. bought a new stake in shares of QuickLogic Corporation during the second quarter worth $123,000. AWM Investment Company Inc. bought a new stake in shares of QuickLogic Corporation during the first quarter worth $178,000. Segantii Capital Management Ltd bought a new stake in shares of QuickLogic Corporation during the first quarter worth $189,000. Finally, Northern Trust Corp raised its position in shares of QuickLogic Corporation by 20.1% during the second quarter. Northern Trust Corp now owns 159,105 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 26,599 shares during the last quarter. Institutional investors own 19.94% of the company’s stock.

QuickLogic Corporation Company Profile

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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