Zacks Investment Research upgraded shares of QuickLogic Corporation (NASDAQ:QUIK) from a hold rating to a buy rating in a research note published on Tuesday morning. The brokerage currently has $2.00 price target on the semiconductor company’s stock.

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. “

A number of other equities research analysts have also commented on QUIK. ValuEngine lowered shares of QuickLogic Corporation from a hold rating to a sell rating in a research note on Friday, September 1st. Roth Capital raised shares of QuickLogic Corporation from a neutral rating to a buy rating and upped their price objective for the company from $1.50 to $2.00 in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $2.17.

QuickLogic Corporation (QUIK) traded up $0.12 during trading hours on Tuesday, hitting $1.60. 238,514 shares of the stock were exchanged, compared to its average volume of 377,930. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.27 and a current ratio of 2.61. QuickLogic Corporation has a 12 month low of $0.80 and a 12 month high of $2.48.

QuickLogic Corporation (NASDAQ:QUIK) last posted its quarterly earnings data on Wednesday, November 8th. The semiconductor company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). QuickLogic Corporation had a negative net margin of 120.37% and a negative return on equity of 76.28%. The company had revenue of $2.97 million for the quarter, compared to analyst estimates of $3.02 million. During the same period in the prior year, the firm posted ($0.06) EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. equities research analysts forecast that QuickLogic Corporation will post -0.17 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of QuickLogic Corporation by 10.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,489 shares of the semiconductor company’s stock valued at $116,000 after acquiring an additional 7,624 shares during the period. Sei Investments Co. acquired a new position in shares of QuickLogic Corporation during the 2nd quarter valued at $123,000. Northern Trust Corp lifted its position in shares of QuickLogic Corporation by 20.1% during the 2nd quarter. Northern Trust Corp now owns 159,105 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 26,599 shares during the period. Creative Planning lifted its position in shares of QuickLogic Corporation by 18.6% during the 2nd quarter. Creative Planning now owns 191,177 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 30,000 shares during the period. Finally, Adirondack Research & Management Inc. lifted its position in shares of QuickLogic Corporation by 2.8% during the 2nd quarter. Adirondack Research & Management Inc. now owns 279,300 shares of the semiconductor company’s stock valued at $408,000 after acquiring an additional 7,500 shares during the period. Institutional investors own 19.50% of the company’s stock.

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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