A QuickLogic executive sells $84.3k in stock via Investing.com

In a recent transaction, Timothy Saxe, Senior Vice President and Chief Technology Officer of QuickLogic Corp (NASDAQ: ), sold shares of the company's stock. The transaction involved the sale of 10,000 shares at an average price of $8.4384 per share, valuing $84,384.

The sale was made under a 10b5-1 pre-scheduled trading plan, which allows company insiders to set a trading schedule in advance to avoid suspicions of trading on non-public information. The shares were sold on August 19, 2024, and prices ranged from $8.335 to $8.74 per share.

Following the transaction, Saxe still owns 104,934 shares of QuickLogic stock, indicating a continued investment in the company. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which includes full information about the number of shares sold at each price point.

Investors often monitor insider trading as they may provide insight into an executive's opinion about a company's current valuation and future prospects. However, it is important to note that insider transactions may be motivated by various factors and may not reflect changes in the company's performance or outlook.

In other recent news, QuickLogic Corporation reported its fiscal Q2 2024 earnings, noting a 41% year-over-year increase in revenue, despite a 31% sequential decline from Q1. The company has revised its full-year growth forecast to 15%, saying this is due to planning pushes rather than loss of contracts. QuickLogic expects a sharp revenue return in Q4 and further growth thereafter. The company is also expanding its FPGA Chiplet product line and has announced significant partnerships and distribution agreements.

QuickLogic's subsidiary, SensiML, is expected to achieve record revenue in 2024 with its new Open-Source strategy. The company plans to have positive cash flow with double-digit profits for fiscal 2024, and expects to continue to accelerate growth and profitability in late 2025. A four-year compound growth rate (CAGR) of 30% demonstrates QuickLogic's long-term potential. .

QuickLogic's strategic partnerships with companies such as Intel (NASDAQ:) Foundry, BAE Systems (LON:), CTG, Spur Microwave, and Astute Electronics, as well as distribution agreements, are expected to strengthen its market position. The company's collaboration with YorChip in the development of the FPGA Chiplet, which is expected to be released in the second half of 2025, and proposals worth more than 40 million dollars, indicate possible future growth. These are some of the latest developments at QuickLogic Corporation.

InvestingPro Insights

Given recent insider activity at QuickLogic Corp (NASDAQ:QUIK), it's worth investors considering additional metrics and data that can inform their understanding of the company's current state and future prospects. According to InvestingPro data, QuickLogic has a market capitalization of $125.56 million and trades at a P/E ratio of 67.97, with a slight adjustment over the past twelve months from Q2 2024 to 70.47. This rating comes amid a significant revenue growth of 66.32% over the same period, highlighting the company's financial growth.

Despite the strong increase in revenue, the stock has experienced a significant decline in recent times, with a total 1-month price return of -23.82% and a 3-month return of -26.88%. This volatility is reflected in one of InvestingPro's tips, which indicate that QuickLogic's stock price movement has been volatile. Additionally, the company is trading at a high EBITDA ratio, which would suggest that the market is pricing in optimistic growth expectations.

Another InvestingPro tip that investors may find useful is that the company is expected to turn a profit this year, a sentiment echoed by analysts predicting QuickLogic's earnings. As the stock has fallen sharply over the past six months, down 32.22%, the company's expected return to profitability may provide a silver lining for potential investors.

For those looking for a more comprehensive analysis, InvestingPro offers additional tips in QuickLogic, with 14 tips available that go deeper into a company's financial health and stock performance. For more information, investors can visit

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