QuickLogic Corp. (NASDAQ:QUIK) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $1.50 for the company and are anticipating that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also given QuickLogic Corp. an industry rank of 31 out of 265 based on the ratings given to related companies.
Several equities analysts have recently commented on QUIK shares. Roth Capital reaffirmed a “buy” rating and set a $1.50 price objective on shares of QuickLogic Corp. in a research note on Thursday, September 1st. Zacks Investment Research raised shares of QuickLogic Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th.
A hedge fund recently raised its stake in QuickLogic Corp. stock. BlackRock Fund Advisors increased its position in QuickLogic Corp. (NASDAQ:QUIK) by 35.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,790 shares of the company’s stock after buying an additional 48,432 shares during the period. BlackRock Fund Advisors owned approximately 0.28% of QuickLogic Corp. worth $179,000 at the end of the most recent reporting period. 20.86% of the stock is owned by hedge funds and other institutional investors.
QuickLogic Corp. (NASDAQ:QUIK) opened at 0.90 on Friday. QuickLogic Corp. has a 1-year low of $0.75 and a 1-year high of $1.69. The firm’s 50-day moving average price is $0.83 and its 200-day moving average price is $0.95. The firm’s market cap is $61.00 million.
QuickLogic Corp. (NASDAQ:QUIK) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). The firm earned $2.72 million during the quarter, compared to the consensus estimate of $3 million. QuickLogic Corp. had a negative net margin of 152.69% and a negative return on equity of 90.44%. The company’s quarterly revenue was down 45.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share. Equities research analysts anticipate that QuickLogic Corp. will post ($0.27) earnings per share for the current fiscal year.
About QuickLogic Corp.
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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