Core Insights - QuickLogic is rated Zacks Rank 3 (Hold) based on a strong externally audited track record and significant changes in earnings estimates [1][22] - The consensus sales estimate for QuickLogic is $4.5 million for the current quarter, reflecting a year-over-year increase of +54.1% [4] - QuickLogic's earnings estimate for the current fiscal year is $0.50, indicating a year-over-year change of +194.1% [7] Earnings Estimate Revisions - QuickLogic is expected to post earnings of $0.01 per share for the current quarter, representing a year-over-year change of +108.3% [14] - The consensus earnings estimate for the next fiscal year is $0.61, indicating a change of +22% from the previous year [15] - The company has seen a significant correlation between earnings estimate revisions and stock price movements, as higher earnings estimates typically lead to increased stock fair value [2][6] Projected Revenue Growth - QuickLogic reported revenues of $6.01 million in the last quarter, showing a year-over-year change of +45.5% [16] - The current quarter's sales estimate of $4.5 million and the fiscal year estimates of $27.5 million and $34.6 million indicate strong revenue growth trends [4] Valuation - QuickLogic is graded F in terms of valuation, suggesting it is trading at a premium compared to its peers [18] - The company has surpassed consensus EPS estimates two times over the last four quarters, indicating a positive trend in performance [20] Market Performance - QuickLogic shares have returned +7.8% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [13] - The Zacks Electronics - Semiconductors industry, to which QuickLogic belongs, has gained 11.8% over the same period [13]

Image Source: Zacks Investment Research The shares of QUIK have declined 22.3% in the year-to-date period compared to the Zacks Electronics - Semiconductors industry's growth of 35%. Estimates for this Zacks Rank #3 (Hold) company's earnings for the current quarter have been reduced from 6 cents to a penny in the past 60 days. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. QuickLogic is steadily expanding its footprint in the aerospace and defense markets with its radiation ...

"QuickLogic is honored to have been chosen by the US Government to continue as the Prime Contractor for this highly specialized and mission critical program," said Brian Faith president and CEO of QuickLogic. "This project builds on the company's 30+ year heritage of delivering FPGA technology to Aerospace companies and Defense Industrial Base (DIB) and will extend our capabilities to support SRH design objectives." QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the pr ...

QuickLogic (QUIK) closed the most recent trading day at $10.28, moving +0.1% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.09% for the day. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.50 per share and revenue of $27.5 million, indicating changes of +194.12% and +29.73%, respectively, compared to the previous year. Our research shows that these estimate ...

PORTLAND, Ore., June 25, 2024 /PRNewswire/ -- SensiML™ Corporation, a leader in AI software for IoT and a subsidiary of QuickLogic (NASDAQ: QUIK), is excited to announce the official launch of its highly anticipated open-source initiative Piccolo AI™. Developers, researchers, and AI enthusiasts can now access the first open-source AutoML solution for IoT edge AI, designed to streamline the creation of intelligent sensor algorithms at the edge. The heart of the initiative, the GitHub repository at github.com ...

QuickLogic (QUIK) closed the most recent trading day at $10.32, moving +1.57% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.18%. The investment community will be closely monitoring the performance of QuickLogic in its forthcoming earnings report. The company is forecasted to report an EPS of $0.01, showcasing a 108.33% upward movement from the corresponding quarter of the prio ...

Looking for hypergrowth stocks to buy? You're at the right place. The stocks I'll be discussing today exhibit compound annual growth rates exceeding 40%. Each is also reasonably well established, with share prices in the $10 to $15 range. Finally, each of the companies produces or is very close to producing overall earnings. Hypergrowth companies very often produce large losses, but that is not the case for any of these hypergrowth stocks to buy. Source: Shutterstock They are particularly in demand because ...

Core Insights - QuickLogic Corporation is participating in the DAC 2024 conference in San Francisco, showcasing its eFPGA Hard IP technology and Australis IP Generator [3][4]. - The eFPGA Hard IP technology offers post-manufacturing design flexibility, allowing developers to modify SoC functionalities, which enhances market size and profitability [4]. - The Australis IP Generator automates the generation of eFPGA Hard IP, making it the only commercial solution that utilizes a fully automated ASIC development flow [5]. Company Overview - QuickLogic Corporation is a fabless semiconductor company focused on embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for various applications including industrial, aerospace, defense, and AI [5]. - The company’s subsidiary, SensiML Corporation, provides AI/ML software that enhances AI capabilities at the edge and endpoint [5]. Event Details - The DAC 2024 conference will take place from June 24 to 26, 2024, at Booth 2358 [5]. - QuickLogic's CTO, Dr. Tim Saxe, will present at the Intel Foundry booth on June 25th from 2:00 to 2:20 PM [3].

QuickLogic (QUIK) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives in ...

QuickLogic and QuickLogic logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such. SAN JOSE, Calif., June 18, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs and endpoint AI solutions, announced today it has joined Intel Foundry's Accelerator IP and USMAG (US Military/Aerospace/Government) Alliances. These collaborations will result in QuickLogic's ...