Elias Nader Sells 4,458 Shares of QuickLogic Co. (NASDAQ:QUIK) Stock

QuickLogic Co. (NASDAQ:QUIK) CFO Elias Nader sold 4,458 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $7.42, for a total transaction of $33,078.36. Following the sale, the chief financial officer now owns 52,740 shares of the company’s stock, valued at $391,330.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 14th, Elias Nader sold 1,878 shares of QuickLogic stock. The stock was sold at an average price of $8.05, for a total transaction of $15,117.90.

QuickLogic Stock Down 3.6 %

Shares of QUIK traded down $0.27 during mid-day trading on Thursday, hitting $7.31. 164,236 shares of the company’s stock were exchanged, compared to its average volume of 258,158. The stock has a market cap of $105.78 million, a price-to-earnings ratio of 126.33 and a beta of 1.56. The firm has a fifty day moving average of $9.90 and a two-hundred day moving average of $12.33. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.01. QuickLogic Co. has a twelve month low of $7.26 and a twelve month high of $20.75.

QuickLogic (NASDAQ:QUIK) last posted its earnings results on Tuesday, August 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). QuickLogic had a return on equity of 9.56% and a net margin of 7.38%. The business had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.50 million. During the same period in the previous year, the company earned ($0.17) earnings per share. On average, sell-side analysts forecast that QuickLogic Co. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new position in QuickLogic in the 4th quarter valued at $203,000. Gladstone Institutional Advisory LLC grew its position 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 valued at $179,000 after purchasing an additional 1,565 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of QuickLogic by 188.9% in the fourth quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company’s stock valued at $515,000 after purchasing an additional 24,347 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in shares of QuickLogic in the first quarter worth about $436,000. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of QuickLogic during the 1st quarter worth about $202,000. Institutional investors and hedge funds own 31.54% of the company’s stock.

Analysts Set New Price Targets

QUIK has been the topic of several research analyst reports. StockNews.com cut shares of QuickLogic from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Oppenheimer lowered their target price on QuickLogic from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Craig Hallum dropped their target price on QuickLogic from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

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.