QuickLogic (NASDAQ:QUIK) CFO Elias Nader Sells 8,291 Shares of Stock

QuickLogic Corporation (NASDAQ:QUIK) CFO Elias Nader sold 8,291 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $10.21, for a total value of $84,651.11. Following the sale, the chief financial officer directly owned 88,845 shares in the company, valued at approximately $907,107.45. This trade represents a 8.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Elias Nader also recently made the following trade(s):

• On Thursday, September 10th, Elias Nader sold 12,152 shares of QuickLogic stock. The stock was sold at an average price of $10.80, for a total value of $131,241.60.

QuickLogic Stock Performance

Shares of QUIK stock opened at $10.72 on Friday. The firm has a market capitalization of $196.39 million, a price-to-earnings ratio of -13.92 and a beta of 1.20. The company has a current ratio of 2.15, a quick ratio of 2.06 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $12.19 and its 200-day moving average price is $14.24. QuickLogic Corporation has a 12 month low of $5.28 and a 12 month high of $24.33.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). QuickLogic had a negative net margin of 80.18% and a negative return on equity of 45.22%. The business had revenue of $5.48 million during the quarter, compared to the consensus estimate of $6.00 million. Equities research analysts forecast that QuickLogic Corporation will post -0.26 EPS for the current year.

Institutional Investors Weigh In On QuickLogic

Several large investors have recently modified their holdings of QUIK. Prospera Financial Services Inc raised its stake in QuickLogic by 59.5% during the fourth quarter. Prospera Financial Services Inc now owns 27,200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 10,150 shares during the last quarter. Cetera Investment Advisers bought a new stake in QuickLogic during the first quarter valued at $111,000. SEB Asset Management AB acquired a new stake in QuickLogic during the 1st quarter worth about $129,000. OMERS ADMINISTRATION Corp acquired a new stake in QuickLogic during the 1st quarter worth about $151,000. Finally, Maridea Wealth Management LLC acquired a new stake in QuickLogic during the 1st quarter worth about $161,000. 31.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QUIK has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a report on Wednesday, June 24th. Needham & Company LLC decreased their price objective on QuickLogic from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

QuickLogic Company Profile

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops customizable, low-power semiconductor solutions and intellectual property for consumer, industrial, communications, and other electronic devices. Its technologies are designed to help manufacturers add processing, connectivity, display, and sensor capabilities while reducing development time and power consumption.

The company’s offerings include embedded FPGA (eFPGA) intellectual property, which allows programmable logic to be integrated directly into a system-on-chip, as well as customer-specific standard products and related semiconductor solutions.