QuickLogic (QUIK) Projected to Post Earnings on Tuesday

QuickLogic (NASDAQ:QUIK) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect QuickLogic to post earnings of $0.28 per share and revenue of $6.07 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

QuickLogic Stock Performance

NASDAQ QUIK opened at $7.30 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.05. The firm has a market capitalization of $107.36 million, a price-to-earnings ratio of -73.00 and a beta of 1.39. The company’s fifty day moving average is $8.87 and its two-hundred day moving average is $8.28. QuickLogic has a 52-week low of $6.75 and a 52-week high of $20.75.

Insider Activity

In related news, CFO Elias Nader sold 8,711 shares of QuickLogic stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $7.39, for a total transaction of $64,374.29. Following the completion of the transaction, the chief financial officer now directly owns 60,955 shares of the company’s stock, valued at $450,457.45. This trade represents a 12.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian C. Faith sold 21,402 shares of QuickLogic stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $7.39, for a total transaction of $158,160.78. Following the transaction, the chief executive officer now directly owns 193,584 shares of the company’s stock, valued at $1,430,585.76. This represents a 9.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,960 shares of company stock worth $331,150. Corporate insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

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

QuickLogic Company 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.