QuickLogic (NASDAQ:QUIK) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

QuickLogic Corporation (NASDAQ:QUIK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.30 and traded as high as $8.50. QuickLogic shares last traded at $8.44, with a volume of 295,895 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on QUIK. Northland Securities downgraded shares of QuickLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a report on Monday, December 29th. Finally, Northland Capmk lowered QuickLogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.00.

QuickLogic Price Performance

The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The stock has a market cap of $149.02 million, a price-to-earnings ratio of -15.54 and a beta of 0.79. The company’s fifty day moving average is $6.52 and its two-hundred day moving average is $6.32.

QuickLogic (NASDAQ:QUIK) last released its earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.02. The company had revenue of $2.03 million during the quarter, compared to the consensus estimate of $2.05 million. QuickLogic had a negative return on equity of 33.71% and a negative net margin of 58.26%. As a group, research analysts predict that QuickLogic Corporation will post -0.29 earnings per share for the current year.

Insider Activity at QuickLogic

In related news, CFO Elias Nader sold 10,813 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $6.36, for a total transaction of $68,770.68. Following the sale, the chief financial officer directly owned 71,193 shares in the company, valued at approximately $452,787.48. This represents a 13.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 17,500 shares of company stock worth $110,579 over the last three months. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On QuickLogic

Several institutional investors have recently modified their holdings of the company. Cadent Capital Advisors LLC purchased a new position in QuickLogic in the fourth quarter valued at $1,036,000. Two Sigma Investments LP acquired a new stake in shares of QuickLogic during the 3rd quarter worth about $406,000. Heritage Financial Services LLC acquired a new position in QuickLogic in the third quarter valued at approximately $303,000. Qube Research & Technologies Ltd increased its stake in QuickLogic by 40.6% in the second quarter. Qube Research & Technologies Ltd now owns 99,576 shares of the semiconductor company’s stock valued at $613,000 after purchasing an additional 28,751 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of QuickLogic by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company’s stock worth $3,975,000 after buying an additional 28,587 shares during the last quarter. 31.54% of the stock is owned by hedge funds and other institutional investors.

About QuickLogic

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.