QuickLogic (QUIK) to Release Quarterly Earnings on Tuesday

QuickLogic (NASDAQ:QUIK - Get Free Report) is projected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $6.07 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

QuickLogic Stock Performance

NASDAQ QUIK traded down $0.83 during mid-day trading on Friday, reaching $7.30. 255,437 shares of the stock were exchanged, compared to its average volume of 242,580. The business's 50 day moving average is $8.88 and its 200-day moving average is $8.29. QuickLogic has a 1 year low of $6.75 and a 1 year high of $20.75. The company has a market capitalization of $107.38 million, a P/E ratio of -73.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO Elias Nader sold 8,711 shares of the business's 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 transaction, the chief financial officer now owns 60,955 shares of the company's stock, valued at approximately $450,457.45. The trade was a 12.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy Saxe sold 10,886 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $7.39, for a total transaction of $80,447.54. Following the transaction, the vice president now directly owns 117,609 shares in the company, valued at approximately $869,130.51. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,960 shares of company stock worth $331,150 over the last ninety days. Corporate insiders own 2.49% of the company's stock.

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.