Virtu Financial LLC Makes New $447,000 Investment in QuickLogic Co. (NASDAQ:QUIK)

Virtu Financial LLC bought a new position in QuickLogic Co. (NASDAQ:QUIK) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,911 shares of the semiconductor company’s stock, valued at approximately $447,000. Virtu Financial LLC owned 0.19% of QuickLogic at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC lifted its position in QuickLogic by 13.8% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 12,943 shares of the semiconductor company’s stock worth $179,000 after purchasing an additional 1,565 shares during the period. Raymond James & Associates increased its holdings in shares of QuickLogic by 7.9% in the fourth quarter. Raymond James & Associates now owns 42,181 shares of the semiconductor company’s stock valued at $585,000 after buying an additional 3,091 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of QuickLogic by 918.8% in the first quarter. Hillsdale Investment Management Inc. now owns 4,890 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 4,410 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of QuickLogic in the first quarter valued at $202,000. Finally, Acadian Asset Management LLC increased its holdings in shares of QuickLogic by 29.9% in the first quarter. Acadian Asset Management LLC now owns 63,152 shares of the semiconductor company’s stock valued at $1,010,000 after buying an additional 14,520 shares in the last quarter. 31.54% of the stock is currently owned by institutional investors and hedge funds.

QuickLogic Price Performance

NASDAQ QUIK opened at $9.55 on Friday. The stock has a market capitalization of $137.71 million, a P/E ratio of 159.17 and a beta of 1.63. QuickLogic Co. has a 1 year low of $7.05 and a 1 year high of $20.75. The business’s fifty day moving average is $11.28 and its two-hundred day moving average is $13.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.24.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings results on Monday, May 13th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. QuickLogic had a return on equity of 6.57% and a net margin of 4.65%. The company had revenue of $6.01 million for the quarter, compared to analysts’ expectations of $6.20 million. On average, research analysts forecast that QuickLogic Co. will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at QuickLogic

In other QuickLogic news, VP Timothy Saxe sold 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.76, for a total transaction of $117,600.00. Following the sale, the vice president now directly owns 114,934 shares of the company’s stock, valued at approximately $1,351,623.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.49% of the company’s stock.

QuickLogic 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.