QuickLogic Corporation (QUIK) : Taylor Frigon Capital Management scooped up 816,513 additional shares in QuickLogic Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 2,957,252 shares of QuickLogic Corporation which is valued at $3,252,977.QuickLogic Corporation makes up approximately 3.45% of Taylor Frigon Capital Management’s portfolio.
QuickLogic Corporation opened for trading at $1.08 and hit $1.17 on the upside on Monday, eventually ending the session at $1.12, with a gain of 1.82% or 0.02 points. The heightened volatility saw the trading volume jump to 1,49,631 shares. Company has a market cap of $64 M.
Other Hedge Funds, Including , Sheaff Brock Investment Advisors sold out all of its stake in QUIK during the most recent quarter. The investment firm sold 50,300 shares of QUIK which is valued $55,330. Advisory Services Network added QUIK to its portfolio by purchasing 9,500 company shares during the most recent quarter which is valued at $10,545.Simplex Trading reduced its stake in QUIK by selling 100 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 5,043 shares of QUIK which is valued at $5,194. Gofen Glossberg Il added QUIK to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $10,300.
On the company’s financial health, QuickLogic Corporation reported $-0.08 EPS for the quarter, based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus estimate of $-0.08. The company had revenue of $3.60 million for the quarter, compared to analysts expectations of $4.00 million. The company’s revenue was down -36.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.06 EPS.
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company is a fabless semiconductor company that designs markets and supports primarily customer specific standard products (CSSPs) and field programmable gate arrays (FPGAs) sensor software algorithms software drivers associated design software and programming hardware. The Company’s CSSPs are customized semiconductor solutions created from the solution platforms including the ArcticLink III ArcticLink II ArcticLink PolarPro 3 PolarPro II PolarPro and Eclipse II products; the mature products primarily include the pASIC 3 QuickRAM and QuickPCI products as well as royalty revenue programming hardware and design software. The Company’s product technology consists of primarily five elements: programmable logic; ArcticLink solution platform; proven system blocks (PSBs); sensor software algorithms and a customer engagement model.