Segantii Capital Management Ltd Takes Position in QuickLogic Co. (QUIK)

Segantii Capital Management Ltd bought a new position in shares of QuickLogic Co. (NASDAQ:QUIK) during the first quarter, Holdings Channel reports. The fund bought 106,021 shares of the semiconductor company’s stock, valued at approximately $189,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning boosted its position in QuickLogic by 1,565.6% in the first quarter. Creative Planning now owns 161,177 shares of the semiconductor company’s stock worth $287,000 after buying an additional 151,500 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in QuickLogic during the first quarter worth approximately $1,091,000. EAM Investors LLC purchased a new position in QuickLogic during the first quarter worth approximately $609,000. First Mercantile Trust Co. boosted its position in QuickLogic by 48.5% in the first quarter. First Mercantile Trust Co. now owns 82,670 shares of the semiconductor company’s stock worth $147,000 after buying an additional 27,006 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in QuickLogic by 63.8% in the first quarter. Frontier Capital Management Co. LLC now owns 6,825,273 shares of the semiconductor company’s stock worth $12,149,000 after buying an additional 2,657,793 shares in the last quarter. 16.13% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for QuickLogic (NASDAQ:QUIK)

Shares of QuickLogic Co. (NASDAQ QUIK) traded up 4.88% on Tuesday, hitting $1.29. The stock had a trading volume of 220,673 shares. The company has a 50 day moving average price of $1.46 and a 200-day moving average price of $1.47. The stock’s market cap is $102.63 million. QuickLogic Co. has a 12 month low of $0.75 and a 12 month high of $2.48.

QuickLogic (NASDAQ:QUIK) last announced its earnings results on Wednesday, May 10th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $3.20 million for the quarter, compared to analysts’ expectations of $3.10 million. QuickLogic had a negative net margin of 112.46% and a negative return on equity of 79.40%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) EPS. On average, equities research analysts anticipate that QuickLogic Co. will post ($0.15) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Segantii Capital Management Ltd Takes Position in QuickLogic Co. (QUIK)” was originally reported by sleekmoney and is the property of of sleekmoney. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://sleekmoney.com/segantii-capital-management-ltd-takes-position-in-quicklogic-co-quik/1885862.html.

QUIK has been the topic of a number of research analyst reports. Zacks Investment Research raised QuickLogic from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research note on Thursday, February 23rd. Craig Hallum initiated coverage on QuickLogic in a research note on Monday, February 6th. They issued a “buy” rating and a $2.50 target price on the stock. Finally, Roth Capital cut QuickLogic from a “buy” rating to a “neutral” rating in a research note on Thursday, May 11th.

About QuickLogic

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).

Want to see what other hedge funds are holding QUIK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuickLogic Co. (NASDAQ:QUIK).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/segantii-capital-management-ltd-takes-position-in-quicklogic-co-quik/1885862.html

Receive News & Ratings for QuickLogic Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuickLogic Co. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *