QuickLogic (QUIK) Set to Announce Quarterly Earnings on Monday

QuickLogic (NASDAQ:QUIK) will be issuing its quarterly earnings data after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). QuickLogic had a net margin of 7.38% and a return on equity of 9.56%. The firm had revenue of $4.13 million during the quarter, compared to analyst estimates of $4.50 million. During the same period in the prior year, the company posted ($0.17) earnings per share. On average, analysts expect QuickLogic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuickLogic Stock Down 0.6 %

NASDAQ QUIK opened at $8.02 on Friday. The business has a fifty day moving average price of $7.86 and a 200 day moving average price of $10.02. QuickLogic has a one year low of $7.01 and a one year high of $20.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 1.21. The company has a market cap of $116.05 million, a P/E ratio of 66.84 and a beta of 1.56.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Oppenheimer reduced their price objective on QuickLogic from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. StockNews.com downgraded QuickLogic from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Finally, Craig Hallum reduced their price objective on QuickLogic from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th.

Insiders Place Their Bets

In other QuickLogic news, VP Timothy Saxe sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the vice president now directly owns 104,934 shares of the company’s stock, valued at $885,642.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Timothy Saxe sold 10,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the transaction, the vice president now directly owns 104,934 shares in the company, valued at approximately $885,642.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elias Nader sold 4,458 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $7.42, for a total value of $33,078.36. Following the transaction, the chief financial officer now owns 52,740 shares of the company’s stock, valued at approximately $391,330.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,202 shares of company stock valued at $378,653 in the last three months. 2.49% of the stock is currently owned by insiders.

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.