Analysts Expect QuickLogic Co. (QUIK) to Announce ($0.03) EPS

Shares of QuickLogic Co. (NASDAQ:QUIK) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price objective of $1.75 for the company and are expecting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given QuickLogic an industry rank of 181 out of 256 based on the ratings given to its competitors.

Several equities analysts have weighed in on QUIK shares. ValuEngine upgraded shares of QuickLogic from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research upgraded shares of QuickLogic from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a report on Wednesday, May 15th.

Shares of QUIK traded down $0.02 during trading hours on Friday, reaching $0.76. The company had a trading volume of 15,500 shares, compared to its average volume of 314,592. The company has a quick ratio of 1.45, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $75.05 million, a PE ratio of -5.09 and a beta of 0.61. QuickLogic has a 12-month low of $0.56 and a 12-month high of $1.31.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). QuickLogic had a negative net margin of 101.73% and a negative return on equity of 68.38%. The company had revenue of $3.19 million during the quarter, compared to analysts’ expectations of $3.50 million. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, research analysts anticipate that QuickLogic will post -0.09 EPS for the current year.

A number of large investors have recently bought and sold shares of QUIK. Private Advisor Group LLC raised its stake in QuickLogic by 34.0% during the fourth quarter. Private Advisor Group LLC now owns 43,723 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 11,100 shares in the last quarter. Vanguard Group Inc raised its position in QuickLogic by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 3,223,167 shares of the semiconductor company’s stock valued at $3,223,000 after buying an additional 12,901 shares during the last quarter. Bell & Brown Wealth Advisors LLC raised its position in QuickLogic by 200.0% in the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 39,000 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26,000 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in QuickLogic in the 4th quarter valued at approximately $26,000. Finally, Jane Street Group LLC acquired a new stake in QuickLogic in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 16.83% of the company’s stock.

About QuickLogic

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.

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