Raymond James Financial Inc. Invests $2.19 Million in QuickLogic Co. (NASDAQ:QUIK)

Raymond James Financial Inc. bought a new position in QuickLogic Co. (NASDAQ:QUIK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 194,006 shares of the semiconductor company’s stock, valued at approximately $2,192,000.

A number of other institutional investors have also recently bought and sold shares of QUIK. State Street Corp raised its stake in QuickLogic by 15.6% during the third quarter. State Street Corp now owns 198,500 shares of the semiconductor company’s stock worth $1,522,000 after purchasing an additional 26,774 shares during the period. Barclays PLC increased its holdings in shares of QuickLogic by 34.8% during the 3rd quarter. Barclays PLC now owns 19,676 shares of the semiconductor company’s stock worth $150,000 after buying an additional 5,079 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of QuickLogic in the 4th quarter worth $28,000. Finally, Sprott Inc. acquired a new position in QuickLogic in the fourth quarter valued at $170,000. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

QuickLogic Trading Down 6.3 %

Shares of QUIK opened at $5.35 on Monday. QuickLogic Co. has a 12 month low of $5.27 and a 12 month high of $16.42. The stock’s 50-day moving average is $7.08 and its two-hundred day moving average is $7.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.05. The stock has a market cap of $83.10 million, a PE ratio of -53.50 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several brokerages have commented on QUIK. Northland Securities assumed coverage on QuickLogic in a research note on Tuesday, December 17th. They set an “outperform” rating and a $11.60 price target for the company. Northland Capmk upgraded QuickLogic to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, StockNews.com upgraded shares of QuickLogic to a “sell” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.53.

About QuickLogic

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.