QuickLogic Co. (NASDAQ:QUIK) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus target price of $2.50 for the company and are anticipating that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given QuickLogic an industry rank of 109 out of 255 based on the ratings given to its competitors.
QUIK has been the subject of several analyst reports. ValuEngine raised shares of QuickLogic from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research downgraded shares of QuickLogic from a “buy” rating to a “hold” rating in a report on Saturday, June 30th.
Several institutional investors and hedge funds have recently made changes to their positions in QUIK. Wells Fargo & Company MN boosted its holdings in shares of QuickLogic by 185.7% during the fourth quarter. Wells Fargo & Company MN now owns 78,171 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 50,813 shares during the period. First Mercantile Trust Co. raised its stake in shares of QuickLogic by 92.6% during the first quarter. First Mercantile Trust Co. now owns 104,579 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 50,276 shares in the last quarter. Finally, Paulson Wealth Management Inc. raised its stake in shares of QuickLogic by 766.3% during the first quarter. Paulson Wealth Management Inc. now owns 225,246 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 199,246 shares in the last quarter. 19.83% of the stock is owned by institutional investors.
Shares of QuickLogic traded down $0.01, hitting $1.12, during midday trading on Friday, according to MarketBeat.com. 285,719 shares of the stock traded hands, compared to its average volume of 125,649. QuickLogic has a 1-year low of $1.05 and a 1-year high of $2.22. The company has a market cap of $106.81 million, a price-to-earnings ratio of -6.22 and a beta of 0.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 1.96.
QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings results on Wednesday, May 9th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). QuickLogic had a negative net margin of 123.78% and a negative return on equity of 89.49%. The company had revenue of $2.76 million during the quarter, compared to the consensus estimate of $3.00 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. analysts predict that QuickLogic will post -0.12 EPS for the current year.
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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