QuickLogic (QUIK) to Release Earnings on Monday

QuickLogic (NASDAQ:QUIK) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.50 million. QuickLogic had a return on equity of 9.56% and a net margin of 7.38%. During the same quarter in the prior year, the company earned ($0.17) EPS. On average, analysts expect QuickLogic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuickLogic Trading Up 1.5 %

NASDAQ QUIK opened at $7.53 on Monday. QuickLogic has a one year low of $7.01 and a one year high of $20.75. The firm has a market cap of $108.96 million, a PE ratio of 62.76 and a beta of 1.56. The firm’s fifty day moving average is $7.92 and its two-hundred day moving average is $10.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 1.21.

Insider Activity at QuickLogic

In other QuickLogic news, CFO Elias Nader sold 4,458 shares of the business’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 transaction, the chief financial officer now owns 52,740 shares in the company, valued at approximately $391,330.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other QuickLogic news, CFO Elias Nader sold 4,458 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $7.42, for a total value of $33,078.36. Following the completion of the sale, the chief financial officer now owns 52,740 shares of the company’s stock, valued at approximately $391,330.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian C. Faith sold 27,866 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $8.83, for a total transaction of $246,056.78. Following the transaction, the chief executive officer now directly owns 215,849 shares in the company, valued at approximately $1,905,946.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,202 shares of company stock worth $378,653 over the last 90 days. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on QUIK. StockNews.com downgraded QuickLogic from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Oppenheimer dropped their target price on QuickLogic from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Finally, Craig Hallum decreased their price target on QuickLogic from $16.00 to $12.00 and set a “buy” rating for the company in a 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.