QuickLogic (QUIK) Stock Price, News & Analysis

Company Overview

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. It provides various platforms, such as software tools and eFPGA IP enables the adoption of AI, voice, and sensor processing across aerospace, and defense, consumer/industrial IOT, and consumer electronics markets. In addition, the company engages in the eFPGA IP Licensing business consisting of development and integration of eFPGA technology into custom semiconductor solutions. Further, the company offers silicon products, such as EOS, QuickAI, ArcticLink III, PolarPro 3, PolarPro II, PolarPro, and Eclipse II products; and PASIC 3 and QuickRAM, as well as programming hardware and design software services. The company markets and sells its products to defense industrial base contractors, U.S. government entities, system OEMs, and fabless semiconductor companies through a network of sales managers and distributors in North America, Europe, and the Asia Pacific. It has a strategic partnership with YorChip to develop low-power unified chiplet interconnect express FPGA chiplets. The company was founded in 1988 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $7.60 to $7.96
• 50-Day Range: $7.07 to $9.06
• 52-Week Range: $7.01 to $20.75
• Volume: 197,658 shs
• Average Volume: 140,940 shs
• Market Capitalization: $110.41 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $11.50
• Consensus Rating: Buy

QuickLogic Stock Analysis - MarketRank™

QuickLogic scored higher than 49% of companies evaluated by MarketBeat, and ranked 428th out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

QuickLogic has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

QuickLogic has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 187.50%

Earnings Growth

Earnings for QuickLogic are expected to grow by 187.50% in the coming year, from $0.08 to $0.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of QuickLogic is -76.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of QuickLogic is -76.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

QuickLogic has a P/B Ratio of 6.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.20% of the outstanding shares of QuickLogic have been sold short.

Short Interest Ratio / Days to Cover

QuickLogic has a short interest ratio ("days to cover") of 10.5, which indicates bearish sentiment.

Change versus previous month

Short interest in QuickLogic has recently decreased by 1.22%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

QuickLogic does not currently pay a dividend.

Dividend Growth

QuickLogic does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.20% of the outstanding shares of QuickLogic have been sold short.

Short Interest Ratio / Days to Cover

QuickLogic has a short interest ratio ("days to cover") of 10.5, which indicates bearish sentiment.

Change versus previous month

Short interest in QuickLogic has recently decreased by 1.22%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.11

News Sentiment

QuickLogic has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for QuickLogic this week, compared to 3 articles on an average week.

Search Interest

4 people have searched for QUIK on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, QuickLogic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $363,535.00 in company stock.

Percentage Held by Insiders

Only 2.49% of the stock of QuickLogic is held by insiders.

Percentage Held by Institutions

Only 31.54% of the stock of QuickLogic is held by institutions.

QUIK Stock Analysis - Frequently Asked Questions

How have QUIK shares performed this year?

QuickLogic's stock was trading at $13.86 at the beginning of 2024. Since then, QUIK stock has decreased by 44.9% and is now trading at $7.63.
View the best growth stocks for 2024 here.

How were QuickLogic's earnings last quarter?

QuickLogic Co. (NASDAQ:QUIK) announced its earnings results on Monday, November, 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The semiconductor company had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.20 million. QuickLogic had a negative trailing twelve-month return on equity of 7.35% and a negative net margin of 6.83%.

When did QuickLogic's stock split?

QuickLogic shares reverse split before market open on Tuesday, December 24th 2019. The 1-14 reverse split was announced on Monday, December 9th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Monday, December 23rd 2019. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Does QuickLogic have any subsidiaries?

The following companies are subsidiaries of QuickLogic: Digi-Key Corp, SensiML Corp, QuickLogic India Private Limited, QuickLogic International Inc., QuickLogic Kabushiki Kaisha, QuickLogic Shanghai Trading Limited, and SensiML Corporation.

Who are QuickLogic's major shareholders?

QuickLogic's top institutional shareholders include Taylor Frigon Capital Management LLC (2.19%), Townsquare Capital LLC (0.10%), Cutter & CO Brokerage Inc. (0.10%) and Quest Partners LLC (0.08%). Insiders that own company stock include Brian C Faith, Timothy Saxe, Gary H Tauss and Russell Christine.
View institutional ownership trends.

How do I buy shares of QuickLogic?

Shares of QUIK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of QuickLogic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that QuickLogic investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), ServiceNow (NOW), Advanced Micro Devices (AMD) and Adobe (ADBE).

Company Calendar

• Last Earnings: 11/11/2024
• Today: 11/14/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:QUIK
• CUSIP: 74837P10
• CIK: 882508
• Web: www.quicklogic.com
• Phone: (408) 990-4000
• Fax: 408-990-4040
• Employees: 50
• Year Founded: 1988

Price Target and Rating

• Average Stock Price Target: $11.50
• High Stock Price Target: $13.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +50.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.10)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 95.38
• P/E Growth: N/A
• Net Income: $-260,000.00
• Net Margins: -6.83%
• Pretax Margin: 7.39%
• Return on Equity: -7.35%
• Return on Assets: -3.05%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 1.21
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $21.20 million
• Price / Sales: 5.21
• Cash Flow: $0.14 per share
• Price / Cash Flow: 54.33
• Book Value: $1.21 per share
• Price / Book: 6.31

Miscellaneous

• Outstanding Shares: 14,470,000
• Free Float: 14,106,000
• Market Cap: $110.41 million
• Optionable: Optionable
• Beta: 1.56