Themes Management Co LLC Takes Position in QuickLogic Corporation $QUIK

Themes Management Co LLC acquired a new position in QuickLogic Corporation (NASDAQ:QUIK) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 139,500 shares of the semiconductor company’s stock, valued at approximately $1,309,000.

Several other large investors have also modified their holdings of QUIK. Sei Investments Co. acquired a new position in QuickLogic in the 1st quarter valued at $987,000. Cetera Investment Advisers acquired a new position in QuickLogic during the 1st quarter worth $111,000. SEB Asset Management AB acquired a new position in QuickLogic during the 1st quarter worth $129,000. Perkins Capital Management Inc. boosted its holdings in QuickLogic by 11.2% during the first quarter. Perkins Capital Management Inc. now owns 306,706 shares of the semiconductor company’s stock valued at $2,877,000 after acquiring an additional 31,000 shares during the period. Finally, Maridea Wealth Management LLC acquired a new stake in shares of QuickLogic in the first quarter valued at about $161,000. 31.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

QUIK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of QuickLogic in a research note on Wednesday, June 24th. Lake Street Capital reaffirmed a “buy” rating and issued a $22.00 target price (up from $11.00) on shares of QuickLogic in a report on Wednesday, May 13th. Finally, Needham & Company LLC began coverage on QuickLogic in a research report on Wednesday, May 20th. They issued a “buy” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.00.

Insider Buying and Selling

In other QuickLogic news, Director Gary H. Tauss sold 2,195 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $19.20, for a total value of $42,144.00. Following the completion of the sale, the director owned 15,908 shares in the company, valued at approximately $305,433.60. This trade represents a 12.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joyce Kim sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $20.00, for a total value of $110,000.00. Following the completion of the sale, the director owned 2,140 shares of the company’s stock, valued at $42,800. This represents a 71.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,175 shares of company stock valued at $1,000,410 over the last three months. 3.20% of the stock is owned by corporate insiders.

QuickLogic Price Performance

Shares of QuickLogic stock opened at $12.66 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.53. The company has a market cap of $230.79 million, a PE ratio of -14.22 and a beta of 1.17. The firm has a fifty day moving average price of $18.50 and a two-hundred day moving average price of $13.08. QuickLogic Corporation has a fifty-two week low of $4.80 and a fifty-two week high of $24.33.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $5.05 million for the quarter, compared to the consensus estimate of $5.51 million. QuickLogic had a negative return on equity of 48.97% and a negative net margin of 102.41%. Analysts expect that QuickLogic Corporation will post -0.23 EPS for the current year.

QuickLogic Company 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.