Equities research analysts at StockNews.com began coverage on shares of QuickLogic (NASDAQ:QUIK – Get Rating) in a research note issued on Sunday. The brokerage set a “hold” rating on the semiconductor company’s stock.
QuickLogic Trading Up 5.6 %
NASDAQ QUIK opened at $7.58 on Friday. QuickLogic has a 1 year low of $4.92 and a 1 year high of $9.21. The company has a market cap of $103.77 million, a PE ratio of -22.97 and a beta of 1.55. The stock’s 50-day moving average price is $5.80 and its two-hundred day moving average price is $5.70.
Institutional Trading of QuickLogic
Hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its stake in QuickLogic by 5.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 39,506 shares of the semiconductor company’s stock worth $216,000 after acquiring an additional 1,993 shares in the last quarter. State Street Corp boosted its holdings in shares of QuickLogic by 10.4% during the first quarter. State Street Corp now owns 31,681 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 2,973 shares during the period. UBS Group AG grew its position in QuickLogic by 7.9% during the third quarter. UBS Group AG now owns 37,474 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 2,738 shares in the last quarter. Vanguard Group Inc. increased its stake in QuickLogic by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 503,703 shares of the semiconductor company’s stock valued at $3,259,000 after buying an additional 10,677 shares during the period. Finally, Cowen Prime Advisors LLC purchased a new stake in QuickLogic in the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 22.26% of the company’s stock.
QuickLogic Company Profile
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions.
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