Barclays PLC Acquires 5,079 Shares of QuickLogic Co. (NASDAQ:QUIK)

Barclays PLC grew its holdings in QuickLogic Co. (NASDAQ:QUIK) by 34.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,676 shares of the semiconductor company’s stock after purchasing an additional 5,079 shares during the period. Barclays PLC’s holdings in QuickLogic were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QUIK. Marshall Wace LLP grew its stake in QuickLogic by 118.4% in the 2nd quarter. Marshall Wace LLP now owns 73,549 shares of the semiconductor company’s stock valued at $764,000 after buying an additional 39,878 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of QuickLogic by 142.9% in the second quarter. Bank of New York Mellon Corp now owns 65,061 shares of the semiconductor company’s stock worth $676,000 after acquiring an additional 38,273 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of QuickLogic by 194.3% in the second quarter. Squarepoint Ops LLC now owns 55,152 shares of the semiconductor company’s stock worth $573,000 after acquiring an additional 36,409 shares during the period. State Street Corp grew its position in shares of QuickLogic by 15.6% in the third 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 in the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of QuickLogic during the 2nd quarter valued at $172,000. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on QUIK shares. StockNews.com upgraded QuickLogic to a “sell” rating in a research note on Wednesday, December 11th. Northland Capmk upgraded shares of QuickLogic to a “strong-buy” rating in a research report on Tuesday, December 17th. Northland Securities assumed coverage on shares of QuickLogic in a report on Tuesday, December 17th. They set an “outperform” rating and a $11.60 target price on the stock. Finally, Craig Hallum lowered their target price on shares of QuickLogic from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, QuickLogic presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.53.

Insider Transactions at QuickLogic

In related news, CEO Brian C. Faith sold 21,402 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.39, for a total transaction of $158,160.78. Following the transaction, the chief executive officer now directly owns 193,584 shares of the company’s stock, valued at approximately $1,430,585.76. This trade represents a 9.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Timothy Saxe sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.95, for a total value of $69,500.00. Following the completion of the sale, the vice president now directly owns 108,004 shares of the company’s stock, valued at approximately $750,627.80. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,117 shares of company stock valued at $381,460. Insiders own 2.49% of the company’s stock.

QuickLogic Stock Performance

Shares of QUIK opened at $10.68 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $8.35 and a 200-day moving average price of $8.83. The company has a market cap of $157.07 million, a PE ratio of -106.80 and a beta of 1.42. QuickLogic Co. has a 12-month low of $6.75 and a 12-month high of $20.75.

QuickLogic (NASDAQ:QUIK) last announced its earnings results on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.20 million. QuickLogic had a negative net margin of 6.83% and a negative return on equity of 7.30%. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, equities analysts forecast that QuickLogic Co. will post -0.29 earnings per share for the current fiscal year.

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.