American Century Companies Inc. Purchases 3,750 Shares of QuickLogic Co. (NASDAQ:QUIK)

American Century Companies Inc. lifted its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 24.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,841 shares of the semiconductor company’s stock after purchasing an additional 3,750 shares during the period. American Century Companies Inc. owned 0.13% of QuickLogic worth $196,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Essex Investment Management Co. LLC bought a new position in shares of QuickLogic during the first quarter valued at about $1,719,000. Acadian Asset Management LLC lifted its position in shares of QuickLogic by 29.9% during the first quarter. Acadian Asset Management LLC now owns 63,152 shares of the semiconductor company’s stock valued at $1,010,000 after purchasing an additional 14,520 shares in the last quarter. Quadrature Capital Ltd raised its position in QuickLogic by 188.9% in the fourth quarter. Quadrature Capital Ltd now owns 37,236 shares of the semiconductor company’s stock worth $515,000 after acquiring an additional 24,347 shares during the period. Bank of New York Mellon Corp raised its position in 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. Finally, Greenwood Capital Associates LLC bought a new stake in QuickLogic in the first quarter worth about $436,000. 31.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

QUIK has been the topic of several research reports. Oppenheimer lowered their price objective on shares of QuickLogic from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. StockNews.com lowered shares of QuickLogic from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Finally, Craig Hallum lowered their price objective on shares of QuickLogic from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

Insider Activity

In other news, VP Timothy Saxe sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the sale, the vice president now owns 104,934 shares of the company’s stock, valued at $885,642.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Brian C. Faith sold 27,866 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $8.83, for a total transaction of $246,056.78. Following the completion of the transaction, the chief executive officer now owns 215,849 shares of the company’s stock, valued at approximately $1,905,946.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy Saxe sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the transaction, the vice president now directly owns 104,934 shares of the company’s stock, valued at approximately $885,642.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,202 shares of company stock valued at $378,653 over the last quarter. Company insiders own 2.49% of the company’s stock.

QuickLogic Stock Performance

Shares of QUIK stock opened at $7.97 on Friday. The firm’s 50-day simple moving average is $8.31 and its two-hundred day simple moving average is $11.13. QuickLogic Co. has a 52 week low of $7.01 and a 52 week high of $20.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 1.21. The firm has a market cap of $114.96 million, a price-to-earnings ratio of 132.83 and a beta of 1.56.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). QuickLogic had a net margin of 7.38% and a return on equity of 9.56%. The business had revenue of $4.13 million during the quarter, compared to the consensus estimate of $4.50 million. During the same period last year, the firm earned ($0.17) EPS. As a group, equities analysts forecast that QuickLogic Co. will post 0.08 earnings per share for the current 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.