Wall Street analysts forecast that QuickLogic Co. (NASDAQ:QUIK) will announce sales of $2.90 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for QuickLogic’s earnings. The lowest sales estimate is $2.80 million and the highest is $3.00 million. QuickLogic posted sales of $3.23 million in the same quarter last year, which suggests a negative year-over-year growth rate of 10.2%. The business is scheduled to issue its next earnings report on Wednesday, February 12th.
On average, analysts expect that QuickLogic will report full year sales of $10.30 million for the current fiscal year, with estimates ranging from $10.20 million to $10.40 million. For the next year, analysts anticipate that the business will report sales of $25.50 million, with estimates ranging from $24.00 million to $27.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover QuickLogic.
QuickLogic (NASDAQ:QUIK) last released its earnings results on Wednesday, November 6th. The semiconductor company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. QuickLogic had a negative return on equity of 85.41% and a negative net margin of 144.73%. The firm had revenue of $2.16 million during the quarter, compared to analysts’ expectations of $2.10 million. During the same period in the previous year, the firm posted ($0.03) EPS.
Several large investors have recently added to or reduced their stakes in QUIK. Tower Research Capital LLC TRC boosted its position in shares of QuickLogic by 731.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 66,431 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 58,438 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of QuickLogic by 38.4% in the 2nd quarter. Wells Fargo & Company MN now owns 148,430 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 41,219 shares during the last quarter. NJ State Employees Deferred Compensation Plan lifted its holdings in shares of QuickLogic by 22.7% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 270,000 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 50,000 shares during the last quarter. Worth Venture Partners LLC lifted its holdings in shares of QuickLogic by 797.2% in the 2nd quarter. Worth Venture Partners LLC now owns 1,131,341 shares of the semiconductor company’s stock valued at $651,000 after purchasing an additional 1,005,247 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of QuickLogic by 10.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,167,499 shares of the semiconductor company’s stock valued at $2,398,000 after purchasing an additional 385,317 shares during the last quarter. 19.02% of the stock is owned by institutional investors and hedge funds.
QUIK remained flat at $$0.24 on Friday. The company had a trading volume of 122,146 shares, compared to its average volume of 353,335. QuickLogic has a 1 year low of $0.20 and a 1 year high of $1.19. The stock has a market capitalization of $28.53 million, a P/E ratio of -1.62 and a beta of 0.28. The company has a current ratio of 1.71, a quick ratio of 1.52 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average price of $0.31 and a 200-day moving average price of $0.46.
QuickLogic Company Profile
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.
Featured Story: What are high-yield dividend stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for QuickLogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuickLogic and related companies with MarketBeat.com's FREE daily email newsletter.