QuickLogic Corporation (NASDAQ:QUIK) was downgraded by stock analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, May 11th, MarketBeat.com reports.
Several other research analysts have also commented on QUIK. Craig Hallum started coverage on shares of QuickLogic Corporation in a research note on Monday, February 6th. They issued a “buy” rating and a $2.50 price objective for the company. Zacks Investment Research raised shares of QuickLogic Corporation from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Thursday, February 23rd.
Shares of QuickLogic Corporation (NASDAQ:QUIK) opened at 1.20 on Thursday. QuickLogic Corporation has a 12-month low of $0.75 and a 12-month high of $2.48. The stock’s market capitalization is $95.47 million. The stock’s 50 day moving average is $1.37 and its 200-day moving average is $1.48.
QuickLogic Corporation (NASDAQ:QUIK) last posted its quarterly earnings data on Wednesday, May 10th. The semiconductor company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). QuickLogic Corporation had a negative net margin of 151.36% and a negative return on equity of 95.11%. The business had revenue of $3.20 million during the quarter, compared to analyst estimates of $3.10 million. During the same quarter last year, the firm posted ($0.08) earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts expect that QuickLogic Corporation will post ($0.15) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning increased its position in shares of QuickLogic Corporation by 1,565.6% in the first quarter. Creative Planning now owns 161,177 shares of the semiconductor company’s stock worth $287,000 after buying an additional 151,500 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of QuickLogic Corporation by 48.5% in the first quarter. First Mercantile Trust Co. now owns 82,670 shares of the semiconductor company’s stock worth $147,000 after buying an additional 27,006 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of QuickLogic Corporation during the first quarter worth about $1,091,000. Frontier Capital Management Co. LLC increased its position in shares of QuickLogic Corporation by 63.8% in the first quarter. Frontier Capital Management Co. LLC now owns 6,825,273 shares of the semiconductor company’s stock worth $12,149,000 after buying an additional 2,657,793 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in shares of QuickLogic Corporation during the first quarter worth about $609,000. Institutional investors own 21.00% of the company’s stock.
QuickLogic Corporation Company Profile
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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