Squarepoint Ops LLC Has $573,000 Holdings in QuickLogic Co. (NASDAQ:QUIK)

Squarepoint Ops LLC increased its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 194.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,152 shares of the semiconductor company’s stock after buying an additional 36,409 shares during the period. Squarepoint Ops LLC owned 0.38% of QuickLogic worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC acquired a new position in shares of QuickLogic during the 1st quarter worth about $1,719,000. Acadian Asset Management LLC increased its position in QuickLogic by 29.9% during the first quarter. Acadian Asset Management LLC now owns 63,152 shares of the semiconductor company’s stock worth $1,010,000 after buying an additional 14,520 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 buying an additional 3,750 shares during the last quarter. Quadrature Capital Ltd boosted its stake in shares of QuickLogic by 188.9% during the 4th quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company’s stock worth $515,000 after acquiring an additional 24,347 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in QuickLogic by 142.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,061 shares of the semiconductor company’s stock valued at $676,000 after acquiring an additional 38,273 shares during the period. 31.54% of the stock is owned by institutional investors.

QuickLogic Trading Down 0.1 %

Shares of QUIK stock opened at $8.16 on Wednesday. The stock has a market cap of $117.70 million, a P/E ratio of 136.00 and a beta of 1.56. QuickLogic Co. has a 1 year low of $7.01 and a 1 year high of $20.75. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $8.26 and a 200 day simple moving average of $11.00.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $4.13 million during the quarter, compared to analyst estimates of $4.50 million. QuickLogic had a net margin of 7.38% and a return on equity of 9.56%. During the same period in the prior year, the firm earned ($0.17) earnings per share. On average, research analysts predict that QuickLogic Co. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Elias Nader sold 4,458 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $7.42, for a total value of $33,078.36. Following the completion of the transaction, the chief financial officer now directly owns 52,740 shares in the company, valued at approximately $391,330.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other QuickLogic news, CEO Brian C. Faith sold 27,866 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $8.83, for a total transaction of $246,056.78. Following the completion of the sale, the chief executive officer now directly owns 215,849 shares in the company, valued at $1,905,946.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elias Nader sold 4,458 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $7.42, for a total value of $33,078.36. Following the completion of the sale, the chief financial officer now directly owns 52,740 shares in the company, valued at approximately $391,330.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,202 shares of company stock worth $378,653 over the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com cut shares of QuickLogic from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Craig Hallum decreased their price target on shares of QuickLogic from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Oppenheimer cut their price objective on shares of QuickLogic from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th.

About QuickLogic

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.