quicklogic director Gary Tauss sells $15,660 in shares
QuickLogic's Director Gary Tauss sold 1,500 shares of the company's common stock on September 15, 2026 for a total of $15,660, with each share priced at $10.44. This follows a broader decline of 51% in the stock price over the past six months, with QuickLogic's share currently trading at $9.36, down approximately 10% from Tauss's sale price.
Analysts suggest the stock may be overvalued at its current valuation. The sale was executed following a Rule 10b5-1 trading plan that Tauss established on June 1, 2026. Post this transaction, Tauss now directly holds 19,654 shares of QUICKLOGIC common stock. Meanwhile, QuickLogic reported its fiscal third-quarter results, revealing a wider-than-expected adjusted loss of $0.07 per share and revenue of $5.13 million, which fell short of analyst estimates of a $0.05 per share profit on $6.33 million in revenue.
Despite the revenue shortfall, the company reported a 153% increase year-over-year, driven by new product launches and contract work. Management attributed the revenue dip to a delayed contract rather than a drop in demand. QuickLogic also announced new design wins in automotive, industrial robotics, and biomedical sectors. The company has not received any upgrades or downgrades from analysts recently.
Despite the uneven timing affecting revenue and gross margins, QuickLogic's management anticipates stronger margins in the fourth quarter.
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