QuickLogic (NASDAQ:QUIK) Shares Cross Above 200 Day Moving Average of $13.06

QuickLogic Co. (NASDAQ:QUIK)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.06 and traded as high as $14.22. QuickLogic shares last traded at $13.92, with a volume of 210,882 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on QUIK shares. TheStreet raised shares of QuickLogic from a “d” rating to a “c” rating in a research note on Thursday, February 29th. StockNews.com raised QuickLogic from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $16.00 target price (up from $12.00) on shares of QuickLogic in a report on Wednesday, February 28th.

QuickLogic Trading Up 3.6 %

The firm has a 50 day simple moving average of $15.02 and a 200 day simple moving average of $13.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.17.

QuickLogic (NASDAQ:QUIK) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $7.48 million during the quarter, compared to analyst estimates of $7.40 million. QuickLogic had a negative return on equity of 1.85% and a negative net margin of 1.24%. On average, equities research analysts expect that QuickLogic Co. will post 0.17 earnings per share for the current year.

Insider Activity at QuickLogic

In other QuickLogic news, CEO Brian C. Faith sold 2,810 shares of QuickLogic stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.54, for a total value of $43,667.40. Following the completion of the sale, the chief executive officer now owns 192,393 shares of the company’s stock, valued at approximately $2,989,787.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Timothy Saxe sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $16.33, for a total transaction of $163,300.00. Following the completion of the sale, the vice president now owns 120,755 shares of the company’s stock, valued at approximately $1,971,929.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian C. Faith sold 2,810 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.54, for a total transaction of $43,667.40. Following the completion of the transaction, the chief executive officer now directly owns 192,393 shares in the company, valued at approximately $2,989,787.22. The disclosure for this sale can be found here. Insiders have sold a total of 21,702 shares of company stock worth $350,482 over the last quarter. Company insiders own 2.49% of the company’s stock.

Institutional Trading of QuickLogic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC bought a new stake in shares of QuickLogic during the 1st quarter valued at $1,719,000. Thompson Davis & CO. Inc. purchased a new position in QuickLogic during the first quarter valued at $202,000. Greenwood Capital Associates LLC bought a new stake in QuickLogic during the first quarter valued at about $436,000. Quadrature Capital Ltd increased its position in QuickLogic by 188.9% in the fourth quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company’s stock worth $515,000 after buying an additional 24,347 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its stake in shares of QuickLogic by 13.8% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 12,943 shares of the semiconductor company’s stock worth $179,000 after buying an additional 1,565 shares during the period. 31.54% of the stock is owned by hedge funds and other institutional investors.

QuickLogic Company Profile

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.