Timothy Saxe Sells 10,000 Shares of QuickLogic Co. (NASDAQ:QUIK) Stock

QuickLogic Co. (NASDAQ:QUIKGet Free Report) VP Timothy Saxe sold 10,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $11.76, for a total value of $117,600.00. Following the completion of the transaction, the vice president now owns 114,934 shares in the company, valued at approximately $1,351,623.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Timothy Saxe also recently made the following trade(s):

  • On Tuesday, April 2nd, Timothy Saxe sold 1,974 shares of QuickLogic stock. The shares were sold at an average price of $15.54, for a total value of $30,675.96.
  • On Thursday, March 21st, Timothy Saxe sold 10,000 shares of QuickLogic stock. The stock was sold at an average price of $16.33, for a total transaction of $163,300.00.

QuickLogic Stock Performance

Shares of NASDAQ QUIK opened at $11.43 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $14.21 and its two-hundred day moving average price is $13.38. QuickLogic Co. has a 52-week low of $5.60 and a 52-week high of $20.75. The stock has a market capitalization of $164.82 million, a P/E ratio of 190.50 and a beta of 1.61.

QuickLogic (NASDAQ:QUIKGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. QuickLogic had a return on equity of 6.57% and a net margin of 4.65%. The business had revenue of $7.48 million during the quarter, compared to analyst estimates of $7.40 million. As a group, sell-side analysts forecast that QuickLogic Co. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. TheStreet raised shares of QuickLogic from a “d” rating to a “c” rating in a research report on Thursday, February 29th. StockNews.com raised QuickLogic from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $16.00 price target (up from $12.00) on shares of QuickLogic in a report on Wednesday, February 28th.

View Our Latest Report on QuickLogic

Institutional Trading of QuickLogic

Hedge funds have recently bought and sold shares of the company. EAM Investors LLC raised its holdings in shares of QuickLogic by 17.0% during the third quarter. EAM Investors LLC now owns 167,485 shares of the semiconductor company’s stock valued at $1,440,000 after buying an additional 24,316 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in QuickLogic during the 1st quarter worth $1,719,000. Acadian Asset Management LLC grew its stake in shares of QuickLogic by 29.9% in the first quarter. Acadian Asset Management LLC now owns 63,152 shares of the semiconductor company’s stock worth $1,010,000 after purchasing an additional 14,520 shares in the last quarter. Raymond James & Associates increased its holdings in shares of QuickLogic by 7.9% during the fourth quarter. Raymond James & Associates now owns 42,181 shares of the semiconductor company’s stock valued at $585,000 after purchasing an additional 3,091 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of QuickLogic by 188.9% during 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 in the last quarter. 31.54% of the stock is currently owned by institutional investors.

QuickLogic Company Profile

(Get Free Report)

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.

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