GAMMA Investing LLC Increases Stock Position in QuickLogic Corporation (NASDAQ:QUIK)

GAMMA Investing LLC lifted its holdings in shares of QuickLogic Corporation (NASDAQ:QUIK) by 5,920.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,321 shares of the semiconductor company’s stock after acquiring an additional 6,216 shares during the period. GAMMA Investing LLC’s holdings in QuickLogic were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Herald Investment Management Ltd lifted its holdings in shares of QuickLogic by 46.1% during the fourth quarter. Herald Investment Management Ltd now owns 730,379 shares of the semiconductor company’s stock worth $8,231,000 after purchasing an additional 230,379 shares during the period. Geode Capital Management LLC lifted its holdings in shares of QuickLogic by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 311,241 shares of the semiconductor company’s stock worth $3,518,000 after purchasing an additional 4,974 shares during the period. Perkins Capital Management Inc. lifted its holdings in shares of QuickLogic by 0.9% during the fourth quarter. Perkins Capital Management Inc. now owns 202,956 shares of the semiconductor company’s stock worth $2,293,000 after purchasing an additional 1,850 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of QuickLogic during the fourth quarter worth $2,192,000. Finally, Deutsche Bank AG lifted its holdings in shares of QuickLogic by 18,802.4% during the fourth quarter. Deutsche Bank AG now owns 71,262 shares of the semiconductor company’s stock worth $805,000 after purchasing an additional 70,885 shares during the period. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

QuickLogic Stock Down 3.2%

QUIK opened at $5.97 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 1.14. The stock has a market capitalization of $94.56 million, a price-to-earnings ratio of -14.56 and a beta of 0.65. The business has a 50-day moving average of $5.61 and a two-hundred day moving average of $6.78. QuickLogic Corporation has a 12 month low of $4.26 and a 12 month high of $13.36.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on QUIK. Oppenheimer decreased their price target on QuickLogic from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Wednesday, May 14th. Wall Street Zen raised QuickLogic from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, QuickLogic currently has an average rating of “Buy” and an average target price of $10.87.

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.