QuickLogic Corporation $QUIK Shares Acquired by Perkins Capital Management Inc.

Perkins Capital Management Inc. lifted its holdings in shares of QuickLogic Corporation (NASDAQ:QUIK) by 34.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,706 shares of the semiconductor company’s stock after purchasing an additional 70,750 shares during the period. QuickLogic comprises approximately 1.3% of Perkins Capital Management Inc.’s holdings, making the stock its 21st biggest holding. Perkins Capital Management Inc. owned 1.61% of QuickLogic worth $1,657,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in QuickLogic by 62.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,158 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 21,275 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of QuickLogic during the 1st quarter worth $87,000. XTX Topco Ltd purchased a new stake in QuickLogic during the second quarter valued at about $171,000. Qube Research & Technologies Ltd raised its holdings 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 buying an additional 28,751 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of QuickLogic by 2.8% in the 2nd quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock valued at $1,295,000 after acquiring an additional 5,721 shares during the period. Institutional investors and hedge funds own 31.54% of the company’s stock.

Insider Activity at QuickLogic

In related news, Director Michael J. Farese sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $11.71, for a total transaction of $56,208.00. Following the sale, the director directly owned 30,540 shares of the company’s stock, valued at approximately $357,623.40. This represents a 13.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 17,294 shares of company stock valued at $172,515. 3.20% of the stock is currently owned by company insiders.

QuickLogic Price Performance

Shares of NASDAQ QUIK opened at $19.05 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.04. QuickLogic Corporation has a fifty-two week low of $4.80 and a fifty-two week high of $21.48. The business has a 50 day moving average price of $11.52 and a two-hundred day moving average price of $8.58. The firm has a market cap of $337.57 million, a PE ratio of -21.17 and a beta of 1.11.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $5.05 million during the quarter, compared to the consensus estimate of $5.51 million. QuickLogic had a negative return on equity of 47.54% and a negative net margin of 107.70%. Sell-side analysts expect that QuickLogic Corporation will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Lake Street Capital initiated coverage on QuickLogic in a report on Monday, February 9th. They issued a “buy” rating and a $10.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.50.

QuickLogic Profile

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.