QuickLogic (QUIK) Set to Announce Earnings on Monday

QuickLogic (NASDAQ:QUIK - Get Free Report) is set to announce its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

QuickLogic (NASDAQ:QUIK - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business posted ($0.17) EPS. On average, analysts expect QuickLogic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuickLogic Price Performance

QUIK traded down $0.13 during midday trading on Monday, hitting $7.40. 83,191 shares of the company traded hands, compared to its average volume of 231,359. The business has a 50 day simple moving average of $7.88 and a two-hundred day simple moving average of $10.11. QuickLogic has a 52-week low of $7.01 and a 52-week high of $20.75. The company has a market capitalization of $107.05 million, a price-to-earnings ratio of 61.67 and a beta of 1.56. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In other news, VP Timothy Saxe sold 10,000 shares of QuickLogic 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 transaction, the vice president now owns 104,934 shares in the company, valued at $885,642.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Timothy Saxe sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were 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 owns 104,934 shares of the company's stock, valued at $885,642.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Elias Nader sold 4,458 shares of QuickLogic stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $7.42, for a total transaction of $33,078.36. Following the sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,202 shares of company stock valued at $378,653. Insiders own 2.49% of the company's stock.

Wall Street Analyst Weigh In

QUIK has been the topic of several research analyst reports. Craig Hallum lowered their price objective on QuickLogic from $16.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. StockNews.com downgraded shares of QuickLogic from a "hold" rating to a "sell" rating in a research note on Tuesday, August 13th. Finally, Oppenheimer dropped their price objective on shares of QuickLogic from $16.00 to $13.00 and set an "outperform" rating for the company in a research note on Wednesday, August 14th.

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.