Barclays PLC Buys 5,079 Shares of QuickLogic Co. (NASDAQ:QUIK)

Barclays PLC boosted its position in QuickLogic Co. (NASDAQ:QUIK) by 34.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,676 shares of the semiconductor company’s stock after buying an additional 5,079 shares during the period. Barclays PLC owned approximately 0.14% of QuickLogic worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in QuickLogic by 24.8% in the second quarter. American Century Companies Inc. now owns 18,841 shares of the semiconductor company’s stock valued at $196,000 after acquiring an additional 3,750 shares during the period. Quest Partners LLC lifted its holdings in shares of QuickLogic by 5,067.5% in the 3rd quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 10,743 shares in the last quarter. XTX Topco Ltd acquired a new stake in QuickLogic in the 2nd quarter valued at $127,000. Cutter & CO Brokerage Inc. bought a new stake in QuickLogic during the 3rd quarter valued at $106,000. Finally, Rhumbline Advisers acquired a new position in QuickLogic during the second quarter worth $172,000. 31.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Brian C. Faith sold 21,402 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $7.39, for a total transaction of $158,160.78. Following the completion of the sale, the chief executive officer now owns 193,584 shares in the company, valued at $1,430,585.76. This trade represents a 9.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy Saxe sold 10,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.95, for a total value of $69,500.00. Following the transaction, the vice president now directly owns 108,004 shares of the company’s stock, valued at approximately $750,627.80. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,117 shares of company stock valued at $381,460. 2.49% of the stock is owned by insiders.

QuickLogic Trading Down 10.3 %

Shares of QUIK stock opened at $10.68 on Wednesday. QuickLogic Co. has a 52-week low of $6.75 and a 52-week high of $20.75. The company has a 50-day simple moving average of $8.35 and a two-hundred day simple moving average of $8.83. 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 company has a market capitalization of $157.07 million, a price-to-earnings ratio of -106.80 and a beta of 1.42.

QuickLogic (NASDAQ:QUIK) last released its earnings results on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $4.27 million during the quarter, compared to the consensus estimate of $4.20 million. QuickLogic had a negative net margin of 6.83% and a negative return on equity of 7.30%. During the same period in the prior year, the company earned $0.08 earnings per share. Research analysts anticipate that QuickLogic Co. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of QuickLogic to a “strong-buy” rating in a report on Tuesday, December 17th. Craig Hallum cut their price target on QuickLogic from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. StockNews.com raised QuickLogic to a “sell” rating in a research note on Wednesday, December 11th. Finally, Northland Securities initiated coverage on QuickLogic in a research report on Tuesday, December 17th. They set an “outperform” rating and a $11.60 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.53.

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.