QuickLogic (QUIK) Expected to Announce Quarterly Earnings on Tuesday

QuickLogic (NASDAQ:QUIK) is expected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $6.07 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

QuickLogic Stock Down 10.2 %

QUIK stock opened at $7.30 on Monday. The firm has a market cap of $107.36 million, a PE ratio of -73.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. The firm’s fifty day moving average is $8.87 and its 200 day moving average is $8.28. QuickLogic has a one year low of $6.75 and a one year high of $20.75.

Insiders Place Their Bets

In other news, VP Timothy Saxe sold 10,886 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $7.39, for a total value of $80,447.54. Following the transaction, the vice president now directly owns 117,609 shares in the company, valued at approximately $869,130.51. This represents a 8.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elias Nader sold 8,711 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $7.39, for a total transaction of $64,374.29. Following the completion of the transaction, the chief financial officer now owns 60,955 shares in the company, valued at approximately $450,457.45. This represents a 12.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,960 shares of company stock valued at $331,150 over the last ninety days. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on QUIK shares. Northland Securities started coverage on shares of QuickLogic in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $11.60 target price on the stock. StockNews.com raised shares of QuickLogic to a “sell” rating in a research note on Wednesday, December 11th. Northland Capmk raised shares of QuickLogic to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Craig Hallum decreased their price target on shares of QuickLogic from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.53.

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.