Insider Selling: QuickLogic Co. (NASDAQ:QUIK) CEO Sells $158,160.78 in Stock

QuickLogic Co. (NASDAQ:QUIK) CEO Brian C. Faith sold 21,402 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $7.39, for a total transaction of $158,160.78. Following the transaction, the chief executive officer now owns 193,584 shares in the company, valued at approximately $1,430,585.76. The trade was a 9.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

QuickLogic Stock Performance

NASDAQ QUIK opened at $7.65 on Thursday. QuickLogic Co. has a 1 year low of $6.75 and a 1 year high of $20.75. The firm has a market capitalization of $112.51 million, a price-to-earnings ratio of -76.50 and a beta of 1.59. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The firm’s 50 day simple moving average is $7.88 and its 200 day simple moving average is $9.14.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. 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 upgraded QuickLogic to a “sell” rating in a research report on Wednesday. Finally, Oppenheimer dropped their price target on QuickLogic from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th.

Institutional Trading of QuickLogic

Large investors have recently bought and sold shares of the business. Acuitas Investments LLC lifted its holdings in shares of QuickLogic by 54.0% in the second quarter. Acuitas Investments LLC now owns 9,700 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 3,400 shares during the last quarter. American Century Companies Inc. increased its position in QuickLogic by 24.8% during the 2nd quarter. American Century Companies Inc. now owns 18,841 shares of the semiconductor company’s stock worth $196,000 after purchasing an additional 3,750 shares in the last quarter. Barclays PLC lifted its stake in QuickLogic by 34.8% in the 3rd quarter. Barclays PLC now owns 19,676 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 5,079 shares during the last quarter. Quest Partners LLC boosted its position in QuickLogic by 5,067.5% in the third quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 10,743 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of QuickLogic during the second quarter worth $127,000. 31.54% of the stock is owned by institutional investors and hedge funds.

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.