Townsquare Capital LLC Lowers Stock Position in QuickLogic Co. (NASDAQ:QUIK)

Townsquare Capital LLC cut its position in shares of QuickLogic Co. (NASDAQ:QUIK) by 10.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,067 shares of the semiconductor company’s stock after selling 1,719 shares during the quarter. Townsquare Capital LLC owned approximately 0.10% of QuickLogic worth $108,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Acuitas Investments LLC boosted its stake in shares of QuickLogic by 54.0% in the 2nd quarter. Acuitas Investments LLC now owns 9,700 shares of the semiconductor company’s stock worth $101,000 after buying an additional 3,400 shares during the last quarter. American Century Companies Inc. lifted its holdings in QuickLogic by 24.8% during the second quarter. American Century Companies Inc. now owns 18,841 shares of the semiconductor company’s stock worth $196,000 after acquiring an additional 3,750 shares during the period. Quest Partners LLC boosted its position in QuickLogic by 5,067.5% in the third quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 10,743 shares during the last quarter. XTX Topco Ltd bought a new position in QuickLogic in the 2nd quarter valued at $127,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of QuickLogic during the 3rd quarter valued at $106,000. 31.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Timothy Saxe sold 10,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.95, for a total transaction of $69,500.00. Following the sale, the vice president now directly owns 108,004 shares in the company, valued at approximately $750,627.80. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

QUIK has been the topic of a number of research analyst reports. Craig Hallum cut their price target on shares of QuickLogic from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. StockNews.com raised shares of QuickLogic to a “sell” rating in a research report on Monday, December 2nd. Finally, Oppenheimer reduced their target price on shares of QuickLogic from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th.

QuickLogic Stock Up 2.6 %

Shares of NASDAQ QUIK opened at $7.50 on Friday. The business’s fifty day moving average price is $7.89 and its 200-day moving average price is $9.23. QuickLogic Co. has a one year low of $6.75 and a one year high of $20.75. The stock has a market capitalization of $110.33 million, a PE ratio of -75.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.05.

QuickLogic (NASDAQ:QUIK) last issued its earnings results on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). QuickLogic had a negative return on equity of 7.30% and a negative net margin of 6.83%. The business had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.20 million. During the same quarter in the prior year, the business earned $0.08 EPS. On average, equities research analysts anticipate that QuickLogic Co. will post -0.29 EPS 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.