Quadrature Capital Ltd Purchases 24,347 Shares of QuickLogic Co. (NASDAQ:QUIK)

Quadrature Capital Ltd boosted its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 188.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,236 shares of the semiconductor company’s stock after buying an additional 24,347 shares during the period. Quadrature Capital Ltd owned approximately 0.26% of QuickLogic worth $515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QUIK. Acadian Asset Management LLC purchased a new stake in shares of QuickLogic in the third quarter worth approximately $26,000. Gladstone Institutional Advisory LLC raised its holdings in shares of QuickLogic by 13.8% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 12,943 shares of the semiconductor company’s stock worth $179,000 after buying an additional 1,565 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of QuickLogic in the fourth quarter worth approximately $203,000. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of QuickLogic in the fourth quarter worth approximately $219,000. Finally, Raymond James & Associates raised its holdings in shares of QuickLogic by 7.9% in the fourth quarter. Raymond James & Associates now owns 42,181 shares of the semiconductor company’s stock worth $585,000 after buying an additional 3,091 shares during the period. 31.54% of the stock is owned by institutional investors.

QuickLogic Stock Up 1.6 %

QuickLogic stock opened at $10.32 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.24 and a quick ratio of 1.17. The stock has a market capitalization of $148.81 million, a price-to-earnings ratio of 172.00 and a beta of 1.56. QuickLogic Co. has a 1-year low of $7.05 and a 1-year high of $20.75. The business has a fifty day moving average price of $12.43 and a 200-day moving average price of $13.54.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings results on Monday, May 13th. The semiconductor company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $6.01 million during the quarter, compared to analysts’ expectations of $6.20 million. QuickLogic had a return on equity of 6.57% and a net margin of 4.65%. Equities research analysts forecast that QuickLogic Co. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. TheStreet upgraded QuickLogic from a “d” rating to a “c” rating in a report on Thursday, February 29th. Oppenheimer restated an “outperform” rating and set a $16.00 price objective (up from $12.00) on shares of QuickLogic in a report on Wednesday, February 28th.

Insider Activity

In other news, CEO Brian C. Faith sold 2,810 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.54, for a total value of $43,667.40. Following the completion of the transaction, the chief executive officer now owns 192,393 shares of the company’s stock, valued at approximately $2,989,787.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other QuickLogic news, CEO Brian C. Faith sold 2,810 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.54, for a total transaction of $43,667.40. Following the completion of the sale, the chief executive officer now directly owns 192,393 shares in the company, valued at approximately $2,989,787.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Elias Nader sold 2,474 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.54, for a total value of $38,445.96. Following the sale, the chief financial officer now owns 44,207 shares of the company’s stock, valued at $686,976.78. The disclosure for this sale can be found here. Insiders sold a total of 18,196 shares of company stock valued at $242,640 in the last quarter. 2.49% of the stock is currently owned by company insiders.

QuickLogic Profile

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.