QuickLogic (NASDAQ:QUIK) Stock Price Target Cut by Needham & Company LLC

QuickLogic (NASDAQ:QUIK) had its price objective decreased by Needham & Company LLC from $20.00 to $12.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s target price would suggest a potential upside of 45.99% from the stock’s current price.

Separately, Weiss Ratings downgraded shares of QuickLogic from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, QuickLogic has a consensus rating of “Hold” and a consensus target price of $17.00.

QuickLogic Trading Down 3.0%

QUIK stock opened at $8.22 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 2.06 and a debt-to-equity ratio of 0.03. QuickLogic has a 1 year low of $5.28 and a 1 year high of $24.33. The stock has a 50-day simple moving average of $10.04 and a 200-day simple moving average of $12.56.

QuickLogic (NASDAQ:QUIK) last released its quarterly earnings results on Tuesday, November 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $5.14 million for the quarter, compared to analyst estimates of $5.51 million. QuickLogic had a negative return on equity of 45.22% and a negative net margin of 80.18%. Sell-side analysts forecast that QuickLogic will post -0.26 EPS for the current year.

Insider Buying and Selling

In other QuickLogic news, CEO Brian C. Faith sold 25,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $10.80, for a total transaction of $273,153.60. Following the completion of the sale, the chief executive officer owned 255,791 shares in the company, valued at $2,762,542.80. This trade represents a 9.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy Saxe sold 15,190 shares of QuickLogic stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $10.80, for a total value of $164,052.00. Following the sale, the vice president owned 143,976 shares in the company, valued at $1,554,940.80. This represents a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 90,044 shares of company stock worth $950,748. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of QuickLogic

A number of hedge funds have recently made changes to their positions in QUIK. Cetera Investment Advisers bought a new stake in shares of QuickLogic in the first quarter worth $111,000. SEB Asset Management AB bought a new position in QuickLogic during the 1st quarter valued at $129,000. OMERS ADMINISTRATION Corp bought a new position in QuickLogic during the 1st quarter valued at $151,000. SBI Securities Co. Ltd. grew its holdings in QuickLogic by 1,752.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 18,213 shares of the semiconductor company’s stock worth $207,000 after acquiring an additional 17,230 shares in the last quarter. Finally, State of Wyoming grew its holdings in QuickLogic by 502.5% during the 3rd quarter. State of Wyoming now owns 20,875 shares of the semiconductor company’s stock worth $237,000 after acquiring an additional 17,410 shares in the last quarter. Institutional investors and hedge funds own 31.54% of the company’s stock.

Trending Headlines about QuickLogic

Here are the key news stories impacting QuickLogic this week:

• Positive Sentiment: Fiscal Q3 revenue from continuing operations rose 153.2% year over year to $5.1 million, driven largely by about $4.0 million in new-product revenue. QuickLogic also reported a six-figure eFPGA Hard IP design win for an automotive/industrial system-on-chip application. QuickLogic Reports Fiscal Third Quarter 2026 Financial Results
• Neutral Sentiment: The company’s GAAP net loss narrowed to $2.2 million from $4.0 million a year earlier. QuickLogic ended the quarter with $19.2 million in cash and cash equivalents and named James Sullivan senior vice president of finance and CFO. QuickLogic Reports Q3 Revenue as Net Loss Narrows
• Negative Sentiment: Revenue was down 6.3% sequentially and missed the $5.51 million consensus estimate. QuickLogic reported a loss of $0.07 per share, wider than analysts’ expected $0.05 loss. These shortfalls temper the headline year-over-year growth. QuickLogic Reports Q3 Loss, Lags Revenue Estimates

QuickLogic Company Profile

QuickLogic Corporation is a fabless semiconductor company that develops low-power, programmable semiconductor solutions and embedded FPGA (eFPGA) intellectual property. Its technology is designed to allow customers to add configurable logic to application-specific integrated circuits (ASICs) and systems-on-chip (SoCs), helping support customization, connectivity, sensor processing and other functions without requiring a separate FPGA device. The company offers eFPGA IP, customer-specific standard products (CSSPs), and related development tools and design services.