QuickLogic (NASDAQ:QUIK) Stock Crosses Above 200 Day Moving Average – Should You Sell?

QuickLogic Corporation (NASDAQ:QUIK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.22 and traded as high as $7.88. QuickLogic shares last traded at $7.78, with a volume of 222,253 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on QUIK shares. Northland Securities lowered QuickLogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a research report on Monday, December 29th. Finally, Northland Capmk downgraded QuickLogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, QuickLogic currently has a consensus rating of “Hold” and a consensus price target of $11.00.

QuickLogic Stock Up 4.4%

The company has a market capitalization of $132.96 million, a PE ratio of -13.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.18. The stock’s 50 day moving average is $6.43 and its 200 day moving average is $6.22.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings results on Wednesday, November 12th. The semiconductor company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.02. QuickLogic had a negative return on equity of 33.71% and a negative net margin of 58.26%.The company had revenue of $2.03 million during the quarter, compared to analysts’ expectations of $2.05 million. On average, sell-side analysts anticipate that QuickLogic Corporation will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other QuickLogic news, CFO Elias Nader sold 10,813 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $6.36, for a total value of $68,770.68. Following the transaction, the chief financial officer directly owned 71,193 shares in the company, valued at $452,787.48. This represents a 13.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 17,500 shares of company stock worth $110,579 in the last three months. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On QuickLogic

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prospera Financial Services Inc raised its position in shares of QuickLogic by 8.9% during the 3rd quarter. Prospera Financial Services Inc now owns 17,050 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 1,400 shares in the last quarter. Perkins Capital Management Inc. increased its stake in QuickLogic by 1.0% in the third quarter. Perkins Capital Management Inc. now owns 204,956 shares of the semiconductor company’s stock valued at $1,242,000 after acquiring an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in QuickLogic by 246.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,891 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 4,902 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of QuickLogic by 2.8% in the 2nd quarter. Raymond James Financial Inc. now owns 210,199 shares of the semiconductor company’s stock worth $1,295,000 after purchasing an additional 5,721 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its holdings in shares of QuickLogic by 54.0% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 28,243 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 9,900 shares in the last quarter. 31.54% of the stock is owned by hedge funds and other institutional investors.

QuickLogic Company Profile

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.