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SAN JOSE, CA—QuickLogic Corp (NASDAQ:QUIK) Director Gary Tauss reported selling 1,000 shares of the company’s common stock on June 3, 2025, according to a recent SEC filing. The shares were sold at a price of $5.27 each, amounting to a total transaction of $5,270. Following this sale, Tauss holds 17,263 shares directly. The transaction comes as QuickLogic’s stock has declined significantly, down 55% over the past year, with shares currently trading at $5.54, well below their 52-week high of $13.36.
The transaction was carried out under a Rule 10b5-1 trading plan, which Tauss adopted on March 4, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks, helping to avoid any potential accusations of insider trading. According to InvestingPro, analysts maintain price targets ranging from $8.20 to $11.00 for the small-cap company, which currently has a market capitalization of $87.73 million. Get access to more exclusive insights and detailed analysis with InvestingPro’s comprehensive research reports.
In other recent news, QuickLogic Corporation has reported its financial results for the first quarter of 2025, showing a significant earnings miss. The company posted an earnings per share (EPS) of -$0.07, falling short of analysts’ expectations of a $0.02 profit. Revenue also declined to $4.3 million, missing the forecasted $6.15 million, marking a 28% year-over-year decrease. Despite these setbacks, QuickLogic remains optimistic about solid revenue growth for the full year, with guidance suggesting non-GAAP profitability and positive cash flow. Analysts from Needham and Company have shown interest in QuickLogic’s progress with Intel (NASDAQ:INTC) 18A technology, which could potentially enhance future revenue streams. The company remains the sole provider of eFPGA hard IP for Intel 18A, with CEO Brian Faith emphasizing the strategic importance of this position. Additionally, QuickLogic is exploring further opportunities in the U.S. Military and Aerospace markets, which could impact future financial performance.
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