Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Semiconductor solutions provider, QuickLogic Corporation (QUIK - Snapshot Report), recently announced its plans to raise funds from the equity market by issuing new shares of common stock, each having a face value of $0.001. The size of the public offering, however, was not disclosed.

The company intends to use the proceeds to meet working capital and general corporate requirements. The funds may also be utilized to cover QuickLogic’s capital expenditures, such as investments in and acquisitions of complementary businesses, partnerships, or the buying of minority stake in businesses to repay debts. During the nine months ended Sep 29, 2013, the company incurred $1.2 million in capital expenditures for property and equipment.

Furthermore, the funds may be used for licensing or acquiring intellectual property or technologies for its products.

The recent public offering, if approved, will boost the company’s liquidity position. QuickLogic’s financial position is weak as it is suffering from quarterly losses and generating negative cash flow from operating activities. As on Sep 30, 2013, the company reported cash and cash equivalents worth $14.9 million.

During the third quarter of 2013, the company reported net loss of $2.3 million, or 5 cents per share. Moreover, for the nine-month period ended Sep 29, 2013, its loss stood at $9.1 million or 20 cents per share. The company reported negative operating cash flow during the nine months ended Sep 29, 2013.

QuickLogic currently carries a Zacks Rank #3 (Hold). Better-placed stocks within the semiconductor sector worth considering are Mindspeed Technologies, Inc. , Avago Technologies Ltd. (AVGO - Snapshot Report) and Cavium, Inc. (CAVM - Snapshot Report). While Avago and Cavium, each carry a Zacks Rank #2 (Buy), Mindspeed holds a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%