StockNews.com Upgrades QuickLogic (NASDAQ:QUIK) to Sell

QuickLogic (NASDAQ:QUIK) was upgraded by investment analysts at StockNews.com to a “sell” rating in a note issued to investors on Tuesday.

QuickLogic Stock Up 3.7 %

QUIK stock opened at $4.77 on Tuesday. QuickLogic has a one year low of $4.26 and a one year high of $16.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. The firm’s fifty day moving average is $5.75 and its 200 day moving average is $7.48. The firm has a market cap of $75.36 million, a PE ratio of -47.70 and a beta of 1.15.

Institutional Trading of QuickLogic

Several institutional investors have recently bought and sold shares of QUIK. Perkins Capital Management Inc. lifted its position in shares of QuickLogic by 0.9% during the 4th quarter. Perkins Capital Management Inc. now owns 202,956 shares of the semiconductor company’s stock valued at $2,293,000 after buying an additional 1,850 shares in the last quarter. Barclays PLC raised its position in QuickLogic by 11.0% during the fourth quarter. Barclays PLC now owns 21,834 shares of the semiconductor company’s stock worth $247,000 after acquiring an additional 2,158 shares during the period. Wells Fargo & Company MN lifted its holdings in QuickLogic by 49.4% during the fourth quarter. Wells Fargo & Company MN now owns 6,645 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 2,197 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of QuickLogic in the fourth quarter valued at about $28,000. Finally, Bank of America Corp DE increased its stake in shares of QuickLogic by 40.5% during the fourth quarter. Bank of America Corp DE now owns 13,091 shares of the semiconductor company’s stock worth $148,000 after purchasing an additional 3,773 shares in the last quarter. 31.54% of the stock is owned by institutional investors and hedge funds.

About QuickLogic

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.