Analysts forecast that QuickLogic Co. (NASDAQ:QUIK) will announce $2.70 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for QuickLogic’s earnings. QuickLogic posted sales of $2.87 million in the same quarter last year, which suggests a negative year over year growth rate of 5.9%. The firm is scheduled to announce its next earnings results on Wednesday, February 10th.

According to Zacks, analysts expect that QuickLogic will report full year sales of $8.80 million for the current fiscal year. For the next financial year, analysts expect that the business will report sales of $15.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow QuickLogic.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.11. The firm had revenue of $1.78 million during the quarter, compared to analysts’ expectations of $2.00 million. QuickLogic had a negative return on equity of 87.38% and a negative net margin of 143.64%.

Several research firms have commented on QUIK. Roth Capital cut their price target on QuickLogic from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Thursday, November 5th. Zacks Investment Research cut QuickLogic from a “hold” rating to a “sell” rating in a report on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. QuickLogic currently has an average rating of “Hold” and a consensus target price of $6.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in shares of QuickLogic in the 3rd quarter worth approximately $42,000. Advisor Group Holdings Inc. raised its holdings in shares of QuickLogic by 128.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 31,463 shares of the semiconductor company’s stock worth $97,000 after buying an additional 17,693 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of QuickLogic by 100.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 80,000 shares of the semiconductor company’s stock worth $249,000 after buying an additional 40,000 shares in the last quarter. Finally, Perkins Capital Management Inc. acquired a new position in shares of QuickLogic in the 3rd quarter worth approximately $1,116,000. 26.51% of the stock is owned by institutional investors and hedge funds.

QuickLogic stock opened at $4.09 on Thursday. The business has a 50 day moving average price of $3.46 and a two-hundred day moving average price of $3.26. The company has a quick ratio of 1.53, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The stock has a market cap of $45.27 million, a price-to-earnings ratio of -2.46 and a beta of 1.92. QuickLogic has a 12 month low of $2.12 and a 12 month high of $8.20.

About QuickLogic

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 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.

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