StockNews.com upgraded shares of QuickLogic (NASDAQ:QUIK - Free Report) to a sell rating in a research report report published on Tuesday morning.
QuickLogic Price Performance
Shares of QUIK traded up $0.29 during mid-day trading on Tuesday, reaching $5.22. The company had a trading volume of 62,519 shares, compared to its average volume of 216,182. The company has a market capitalization of $82.47 million, a price-to-earnings ratio of -52.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.12. The company's 50 day simple moving average is $5.69 and its 200 day simple moving average is $7.46. QuickLogic has a 1-year low of $4.26 and a 1-year high of $16.13.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of QUIK. Herald Investment Management Ltd increased its holdings in QuickLogic by 46.1% in the 4th quarter. Herald Investment Management Ltd now owns 730,379 shares of the semiconductor company's stock worth $8,231,000 after purchasing an additional 230,379 shares in the last quarter. Raymond James Financial Inc. bought a new position in QuickLogic in the 4th quarter valued at approximately $2,192,000. Deutsche Bank AG boosted its position in QuickLogic by 18,802.4% during the 4th quarter. Deutsche Bank AG now owns 71,262 shares of the semiconductor company's stock worth $805,000 after buying an additional 70,885 shares during the period. Connecticut Wealth Management LLC bought a new stake in QuickLogic during the 4th quarter worth approximately $364,000. Finally, State Street Corp increased its position in 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 acquiring an additional 26,774 shares during the period. 31.54% of the stock is currently owned by institutional investors.
QuickLogic Company Profile
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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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