QuickLogic Corporation (NASDAQ:QUIK) Lifted to “Hold” at Zacks Investment Research

QuickLogic Corporation (NASDAQ:QUIK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, July 12th.

According to Zacks, “QuickLogic Corporation is a semiconductor provider of ultra-low power, comprehensive, flexible sensor processing solutions enabling significantly longer battery life for the Smartphone, Wearable, and IoT markets. They are the only company integrating multi-core processing, programmable logic, sensor fusion and context aware algorithms, and embedded software. QuickLogic accelerates the pace of innovation for always-on motion, light, environmental, location, and voice-enabled user experiences. “

Separately, Roth Capital cut QuickLogic Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, May 11th.

QuickLogic Corporation (NASDAQ:QUIK) traded down 4.58% during trading on Wednesday, reaching $1.25. The company had a trading volume of 409,252 shares. The firm’s market capitalization is $99.45 million. QuickLogic Corporation has a 52-week low of $0.75 and a 52-week high of $2.48. The company has a 50-day moving average of $1.43 and a 200-day moving average of $1.54.

QuickLogic Corporation (NASDAQ:QUIK) last announced its earnings results on Wednesday, August 9th. The semiconductor company reported ($0.05) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). QuickLogic Corporation had a negative return on equity of 89.09% and a negative net margin of 130.99%. The firm had revenue of $3.03 million for the quarter, compared to analysts’ expectations of $3.20 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts expect that QuickLogic Corporation will post ($0.17) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.com-unik.info/2017/08/11/quicklogic-corporation-nasdaqquik-raised-to-hold-at-zacks-investment-research-updated-updated-updated-updated.html.

A number of large investors have recently made changes to their positions in QUIK. Frontier Capital Management Co. LLC boosted its stake 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 valued at $12,149,000 after buying an additional 2,657,793 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of QuickLogic Corporation by 106.3% in the first quarter. Vanguard Group Inc. now owns 3,383,138 shares of the semiconductor company’s stock valued at $6,022,000 after buying an additional 1,742,844 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of QuickLogic Corporation during the first quarter valued at approximately $1,091,000. Driehaus Capital Management LLC purchased a new stake in shares of QuickLogic Corporation during the first quarter valued at approximately $821,000. Finally, EAM Investors LLC purchased a new stake in shares of QuickLogic Corporation during the first quarter valued at approximately $609,000. 20.45% of the stock is currently owned by hedge funds and other institutional investors.

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).

Get a free copy of the Zacks research report on QuickLogic Corporation (QUIK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about QuickLogic Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for QuickLogic Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit