Shares of QuickLogic Co. (NASDAQ:QUIK) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price target of $1.75 for the company and are forecasting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given QuickLogic an industry rank of 78 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of QuickLogic from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Wednesday, May 15th.
NASDAQ QUIK traded down $0.02 during trading hours on Friday, hitting $0.78. 64,900 shares of the company’s stock traded hands, compared to its average volume of 287,976. QuickLogic has a 52-week low of $0.56 and a 52-week high of $1.31. The stock has a market cap of $79.72 million, a PE ratio of -5.20 and a beta of 0.64. The company has a current ratio of 1.64, a quick ratio of 1.45 and a debt-to-equity ratio of 0.02.
QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). QuickLogic had a negative net margin of 101.73% and a negative return on equity of 68.38%. The firm had revenue of $3.19 million during the quarter, compared to analysts’ expectations of $3.50 million. During the same period last year, the company earned ($0.04) EPS. On average, sell-side analysts forecast that QuickLogic will post -0.09 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. First Allied Advisory Services Inc. purchased a new position in shares of QuickLogic during the 4th quarter worth approximately $26,000. Jane Street Group LLC purchased a new position in shares of QuickLogic during the 4th quarter worth approximately $27,000. Bell & Brown Wealth Advisors LLC boosted its position in shares of QuickLogic by 200.0% during the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 39,000 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26,000 shares during the period. Private Advisor Group LLC boosted its position in shares of QuickLogic by 34.0% during the 4th quarter. Private Advisor Group LLC now owns 43,723 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 11,100 shares during the period. Finally, SFE Investment Counsel purchased a new position in shares of QuickLogic during the 4th quarter worth approximately $37,000. 17.08% of the stock is owned by hedge funds and other institutional investors.
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.
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