Zacks Investment Research downgraded shares of QuickLogic (NASDAQ:QUIK) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “QuickLogic Corporation is a semiconductor provider of ultra-low power, comprehensive, flexible sensor processing solutions enabling significantly longer battery life for the Smartphone, Wearable, and IoT markets. They are the only company integrating multi-core processing, programmable logic, sensor fusion and context aware algorithms, and embedded software. QuickLogic accelerates the pace of innovation for always-on motion, light, environmental, location, and voice-enabled user experiences. “

Separately, ValuEngine raised shares of QuickLogic from a sell rating to a hold rating in a research note on Saturday, June 2nd.

NASDAQ QUIK traded down $0.02 during trading hours on Tuesday, reaching $1.02. The company’s stock had a trading volume of 1,651 shares, compared to its average volume of 274,870. The stock has a market cap of $103.97 million, a price-to-earnings ratio of -5.61 and a beta of 0.09. QuickLogic has a fifty-two week low of $1.01 and a fifty-two week high of $2.22. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02.

QuickLogic (NASDAQ:QUIK) last issued its quarterly earnings data on Wednesday, August 8th. The semiconductor company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). QuickLogic had a negative net margin of 121.74% and a negative return on equity of 98.27%. The firm had revenue of $3.12 million for the quarter, compared to analysts’ expectations of $3.10 million. During the same period in the prior year, the company earned ($0.05) EPS. research analysts expect that QuickLogic will post -0.14 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC boosted its stake in shares of QuickLogic by 27.4% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 4,155,292 shares of the semiconductor company’s stock worth $4,779,000 after purchasing an additional 893,731 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of QuickLogic in the second quarter worth approximately $383,000. Paulson Wealth Management Inc. boosted its position in shares of QuickLogic by 766.3% in the first quarter. Paulson Wealth Management Inc. now owns 225,246 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 199,246 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of QuickLogic by 92.6% in the first quarter. First Mercantile Trust Co. now owns 104,579 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 50,276 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of QuickLogic by 185.7% in the fourth quarter. Wells Fargo & Company MN now owns 78,171 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 50,813 shares during the last quarter. 20.53% of the stock is currently owned by institutional investors.

QuickLogic Company Profile

QuickLogic Corporation, a semiconductor company, designs, markets, and supports silicon solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. The company also provides Field Programmable Gate Arrays (FPGAs), software drivers, and associated design software and programming hardware, as well as eFPGA intellectual property (IP), such as ArcticPro and ArcticPro 2.

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