Hillsdale Investment Management Inc. boosted its position in QuickLogic Co. (NASDAQ:QUIK – Free Report) by 918.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,890 shares of the semiconductor company’s stock after acquiring an additional 4,410 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in QuickLogic were worth $78,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of QUIK. Gladstone Institutional Advisory LLC raised its stake in QuickLogic by 13.8% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 12,943 shares of the semiconductor company’s stock worth $179,000 after acquiring an additional 1,565 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in QuickLogic during the first quarter worth about $202,000. Victory Capital Management Inc. acquired a new stake in QuickLogic in the fourth quarter valued at about $203,000. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of QuickLogic in the fourth quarter valued at approximately $219,000. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of QuickLogic during the 1st quarter worth $436,000. 31.54% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at QuickLogic
In other QuickLogic news, VP Timothy Saxe sold 10,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $11.76, for a total transaction of $117,600.00. Following the transaction, the vice president now owns 114,934 shares of the company’s stock, valued at approximately $1,351,623.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.49% of the stock is currently owned by corporate insiders.
QuickLogic Price Performance
QuickLogic (NASDAQ:QUIK – Get Free Report) last released its quarterly earnings results on Monday, May 13th. The semiconductor company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $6.01 million for the quarter, compared to analyst estimates of $6.20 million. QuickLogic had a net margin of 4.65% and a return on equity of 6.57%. Sell-side analysts expect that QuickLogic Co. will post 0.22 EPS for the current year.
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.
Recommended Stories
- Five stocks we like better than QuickLogic
- How to Calculate Inflation Rate
- Intuitive Surgical Stock Outperforms Market: Highs on the Horizon
- What is the Hang Seng index?
- Has This Leading Tech Stock Halted the AI Surge?
- 3 REITs to Buy and Hold for the Long Term
- Revolutionary Battery Stock Gains Momentum with 3D Silicon-Anodes
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 – Free Report).
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.