ValuEngine upgraded shares of QuickLogic (NASDAQ:QUIK) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.
Separately, Zacks Investment Research cut QuickLogic from a hold rating to a sell rating in a report on Wednesday, November 14th.
Shares of NASDAQ:QUIK opened at $0.97 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.07. QuickLogic has a 1 year low of $0.78 and a 1 year high of $2.22. The stock has a market cap of $92.33 million, a PE ratio of -5.39 and a beta of -0.10.
Several large investors have recently modified their holdings of the company. Worth Venture Partners LLC purchased a new stake in shares of QuickLogic during the 3rd quarter worth about $230,000. Bridgeway Capital Management Inc. grew its holdings in shares of QuickLogic by 124.0% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 234,800 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 130,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of QuickLogic by 16.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 387,184 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 54,465 shares during the period. Strategic Wealth Advisors Group LLC purchased a new stake in shares of QuickLogic during the 3rd quarter worth about $264,000. Finally, Northern Trust Corp grew its holdings in shares of QuickLogic by 35.7% during the 2nd quarter. Northern Trust Corp now owns 230,594 shares of the semiconductor company’s stock worth $266,000 after purchasing an additional 60,658 shares during the period. Institutional investors and hedge funds own 23.50% of the company’s stock.
QuickLogic Corporation, a semiconductor company, designs, markets, and supports silicon solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. The company also provides Field Programmable Gate Arrays (FPGAs), software drivers, and associated design software and programming hardware, as well as eFPGA intellectual property (IP), such as ArcticPro and ArcticPro 2.
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