Frontier Capital Management Co. LLC lowered its stake in shares of QuickLogic Corporation (NASDAQ:QUIK) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 4,167,480 shares of the company’s stock after selling 58,821 shares during the period. Frontier Capital Management Co. LLC owned about 0.06% of QuickLogic Corporation worth $5,793,000 as of its most recent SEC filing.
QuickLogic Corporation (NASDAQ:QUIK) opened at 1.63 on Wednesday. The stock has a 50 day moving average of $1.41 and a 200-day moving average of $1.02. QuickLogic Corporation has a 12 month low of $0.75 and a 12 month high of $1.75. The firm’s market cap is $110.50 million.
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A number of research firms have weighed in on QUIK. Zacks Investment Research lowered shares of QuickLogic Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Craig Hallum began coverage on shares of QuickLogic Corporation in a report on Monday, February 6th. They set a “buy” rating and a $2.50 target price on the stock. Finally, Benchmark Co. reissued a “buy” rating and set a $3.00 target price on shares of QuickLogic Corporation in a report on Friday, November 4th.
About QuickLogic Corporation
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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