Raymond James Financial Inc. purchased a new position in QuickLogic Co. (NASDAQ:QUIK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 194,006 shares of the semiconductor company's stock, valued at approximately $2,192,000. Raymond James Financial Inc. owned approximately 1.32% of QuickLogic as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of QuickLogic by 15.6% in the 3rd quarter. State Street Corp now owns 198,500 shares of the semiconductor company's stock valued at $1,522,000 after purchasing an additional 26,774 shares during the period. Barclays PLC boosted 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 buying an additional 5,079 shares in the last quarter. Sprott Inc. bought a new stake in QuickLogic in the fourth quarter valued at $170,000. Finally, Crews Bank & Trust acquired a new position in QuickLogic during the fourth quarter worth $28,000. Institutional investors own 31.54% of the company's stock.
QuickLogic Price Performance
Shares of NASDAQ:QUIK traded down $0.49 during midday trading on Thursday, reaching $4.62. The company's stock had a trading volume of 161,450 shares, compared to its average volume of 222,851. The business's fifty day simple moving average is $6.73 and its 200-day simple moving average is $7.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.05. QuickLogic Co. has a fifty-two week low of $4.57 and a fifty-two week high of $16.13. The company has a market capitalization of $72.99 million, a P/E ratio of -46.20 and a beta of 1.36.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on QUIK. Northland Securities started coverage on shares of QuickLogic in a report on Tuesday, December 17th. They issued an "outperform" rating and a $11.60 target price on the stock. Northland Capmk upgraded shares of QuickLogic to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, StockNews.com raised shares of QuickLogic to a "sell" rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, QuickLogic has an average rating of "Moderate Buy" and a consensus target price of $11.53.
Read Our Latest Research Report on QUIK
QuickLogic Profile
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Free Report)
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.
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