QuickLogic Co. (NASDAQ:QUIK) VP Timothy Saxe Sells 10,886 Shares of Stock

QuickLogic Co. (NASDAQ:QUIK) VP Timothy Saxe sold 10,886 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.39, for a total transaction of $80,447.54. Following the transaction, the vice president now owns 117,609 shares in the company, valued at $869,130.51. The trade was a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 18th, Timothy Saxe sold 10,000 shares of QuickLogic stock. The stock was sold at an average price of $6.95, for a total value of $69,500.00.

QuickLogic Price Performance

Shares of NASDAQ:QUIK opened at $7.60 on Tuesday. QuickLogic Co. has a one year low of $6.75 and a one year high of $20.75. The stock has a market cap of $111.80 million, a PE ratio of -76.00 and a beta of 1.59. The business’s fifty day moving average price is $7.89 and its two-hundred day moving average price is $9.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12.

QuickLogic (NASDAQ:QUIK) last announced its earnings results on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). QuickLogic had a negative net margin of 6.83% and a negative return on equity of 7.30%. The firm had revenue of $4.27 million during the quarter, compared to analyst estimates of $4.20 million. During the same period in the previous year, the firm posted $0.08 EPS. On average, analysts forecast that QuickLogic Co. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on QUIK shares. Oppenheimer decreased their target price on QuickLogic from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. StockNews.com upgraded shares of QuickLogic to a “sell” rating in a research report on Monday, December 2nd. Finally, Craig Hallum dropped their target price on shares of QuickLogic from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, November 12th.

Hedge Funds Weigh In On QuickLogic

Several institutional investors and hedge funds have recently modified their holdings of the company. Acuitas Investments LLC lifted its stake in shares of QuickLogic by 54.0% during the 2nd quarter. Acuitas Investments LLC now owns 9,700 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 3,400 shares during the period. Quest Partners LLC increased its stake in QuickLogic by 5,067.5% in the third quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 10,743 shares during the last quarter. XTX Topco Ltd acquired a new stake in QuickLogic in the 2nd quarter worth about $127,000. Cutter & CO Brokerage Inc. purchased a new stake in QuickLogic in the 3rd quarter valued at about $106,000. Finally, Rhumbline Advisers acquired a new position in shares of QuickLogic during the 2nd quarter valued at about $172,000. Hedge funds and other institutional investors own 31.54% of the company’s stock.

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.