Connecticut Wealth Management LLC Takes $364,000 Position in QuickLogic Co. (NASDAQ:QUIK)

Connecticut Wealth Management LLC acquired a new stake in QuickLogic Co. (NASDAQ:QUIK) in the 4th quarter, Holdings Channel reports. The firm acquired 32,200 shares of the semiconductor company’s stock, valued at approximately $364,000.

Several other hedge funds also recently modified their holdings of the stock. Herald Investment Management Ltd increased its stake in shares of QuickLogic by 46.1% in the 4th quarter. Herald Investment Management Ltd now owns 730,379 shares of the semiconductor company’s stock valued at $8,231,000 after acquiring an additional 230,379 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of QuickLogic by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 311,241 shares of the semiconductor company’s stock valued at $3,518,000 after acquiring an additional 4,974 shares in the last quarter. Perkins Capital Management Inc. increased its stake in QuickLogic by 0.9% during the 4th quarter. Perkins Capital Management Inc. now owns 202,956 shares of the semiconductor company’s stock valued at $2,293,000 after purchasing an additional 1,850 shares in the last quarter. Raymond James Financial Inc. bought a new stake in QuickLogic during the 4th quarter valued at $2,192,000. Finally, Deutsche Bank AG increased its stake in QuickLogic by 18,802.4% during the 4th quarter. Deutsche Bank AG now owns 71,262 shares of the semiconductor company’s stock valued at $805,000 after purchasing an additional 70,885 shares in the last quarter. Institutional investors own 31.54% of the company’s stock.

QuickLogic Stock Performance

Shares of QUIK stock opened at $5.15 on Friday. The firm has a market capitalization of $81.56 million, a PE ratio of -51.50 and a beta of 0.71. The firm has a fifty day simple moving average of $5.36 and a two-hundred day simple moving average of $7.12. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. QuickLogic Co. has a 12 month low of $4.26 and a 12 month high of $13.74.

Wall Street Analysts Forecast Growth

A number of analysts have commented on QUIK shares. Wall Street Zen lowered shares of QuickLogic from a “hold” rating to a “sell” rating in a research note on Thursday. Oppenheimer decreased their price target on shares of QuickLogic from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.87.

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.