QuickLogic director Gary Tauss sells shares worth over $12k By Investing.com

Gary Tauss, a director at QuickLogic Corp (NASDAQ:), a semiconductor and related devices manufacturing company, recently sold shares in the company. The transactions, which took place on June 3, 2024, involved the sale of 938 shares of common stock at an average price of $13.06 per share, totaling over $12,250.

The shares were sold under a Rule 10b5-1 trading plan, which was adopted by Tauss on March 4, 2024. This plan allows insiders to set up a predetermined schedule to sell stocks at a time when they are not in possession of material non-public information, thus avoiding potential accusations of insider trading.

The price range for the shares sold by Tauss was between $13.06 and $13.11. This range represents a weighted average, indicating that the shares were not sold in a single transaction but rather in multiple ones at varying prices within the specified range. Tauss has committed to providing detailed information regarding the number of shares sold at each separate price upon request by the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission.

Following the sale, Gary Tauss still owns a total of 17,021 shares in QuickLogic Corp. The sale is part of normal stock trading activities by corporate insiders and is reported to the Securities and Exchange Commission through the filing of a Form 4.

Investors often monitor insider transactions as they can provide insights into how corporate executives view the stock’s value and future prospects. However, it’s important to note that such transactions do not necessarily indicate a change in company fundamentals and can be influenced by a variety of factors, including personal financial management.

InvestingPro Insights

QuickLogic Corp (NASDAQ:QUIK) has been a subject of interest for investors, especially in light of recent insider trading activity. To further understand the company’s financial position, here are some key metrics and insights from InvestingPro.

InvestingPro Data shows that QuickLogic Corp has a market capitalization of $185.64 million, indicating a mid-sized player within the semiconductor industry. The company’s P/E Ratio stands at a high 166.67, reflecting investor expectations of future earnings growth. Despite such high expectations, the company’s P/E Ratio adjusted for the last twelve months as of Q1 2024 has slightly increased to 173.81, which may suggest that the stock is priced optimistically relative to its earnings.

An InvestingPro Tip worth noting is that QuickLogic Corp has been trading at a high earnings multiple, which aligns with the high P/E ratios observed. Additionally, analysts have revised their earnings downwards for the upcoming period, which could signal potential concerns about the company’s ability to meet high market expectations.

Moreover, the company’s impressive revenue growth of 42.27% over the last twelve months as of Q1 2024 is a strong indicator of its ability to expand its market share and improve its top-line performance. This growth trajectory is supported by a robust gross profit margin of nearly 69.69%, showcasing QuickLogic’s efficiency in managing its production costs and maintaining profitability.

For investors seeking to delve deeper into QuickLogic’s financials and future prospects, there are additional InvestingPro Tips available at https://www.investing.com/pro/QUIK, including insights on stock price volatility and valuation multiples. To access these valuable tips and make well-informed investment decisions, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With these insights in hand, investors can better gauge whether the recent insider share sale aligns with the company’s financial outlook and market performance.

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