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Wall Street Analysts Think QuickLogic (QUIK) Is a Good Investment: Is It?
ZACKS· 2025-02-25 15:35
Core Viewpoint - Brokerage recommendations, particularly for QuickLogic (QUIK), show a strong average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on three recommendations from brokerage firms [2] Group 1: Brokerage Recommendations - QuickLogic has an ABR of 1.00, with all three recommendations classified as Strong Buy, representing 100% of the total recommendations [2] - Despite the positive ABR, reliance solely on brokerage recommendations for investment decisions may not be wise, as studies indicate limited success in guiding investors towards stocks with the best price increase potential [4][5] Group 2: Zacks Rank vs. ABR - Zacks Rank, a proprietary stock rating tool, categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, showing a strong correlation with near-term stock price movements [7][10] - The Zacks Rank is distinct from ABR, as ABR is based solely on brokerage recommendations, while Zacks Rank utilizes a quantitative model reflecting earnings estimates [8] - The Zacks Rank is more timely in predicting future stock prices due to constant revisions by brokerage analysts, unlike the potentially outdated ABR [11] Group 3: QuickLogic's Earnings Estimates - The Zacks Consensus Estimate for QuickLogic remains unchanged at $0.03 for the current year, indicating steady analyst views on the company's earnings prospects [12] - The unchanged consensus estimate has led to a Zacks Rank of 3 (Hold) for QuickLogic, suggesting caution despite the Buy-equivalent ABR [13]
QuickLogic to Report Fourth Quarter Fiscal 2024 Financial Results on Tuesday, February 25
Prnewswire· 2025-02-11 21:30
Announces Participation in Upcoming Investor ConferencesSAN JOSE, Calif., Feb. 11, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) IP and ruggedized FPGAs and Endpoint AI solutions, today announced that it has scheduled a conference call to discuss its fourth quarter fiscal 2024 financial results on Tuesday, February 25, 2025.Date: Tuesday, February 25, 2025Time: 5:30 p.m. ET/2:30 p.m. PTDial-in: Toll Free: 1-877-407-0792; International: 1-201-689-8263Passcod ...
QuickLogic Integrates Synopsys Synplify Synthesis for Best-in-Class Quality of Results
Prnewswire· 2025-02-10 12:30
SAN JOSE, Calif., Feb. 10, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a leading provider of embedded FPGA (eFPGA) Hard IP, and ruggedized FPGAs, today announced the integration of the Synopsys Synplify® synthesis tool into its FPGA User Tools. This integration enhances QuickLogic's design environment by accelerating FPGA-based design cycles, improving PPA and enabling engineers to work in a familiar design environment. With Synplify's well-established synthesis capabilities now accessible w ...
QuickLogic Unveils Aurora 2.9: Enhanced Performance and Seamless Integration
Prnewswire· 2025-02-10 12:30
SAN JOSE, Calif., Feb. 10, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP and ruggedized FPGAs, today announced the release of Aurora the 2.9 software tool. This latest version of the company's popular eFPGA design tool introduces a suite of enhanced capabilities, empowering engineers with improved performance and ease of use for the embedded BRAM and DSP blocks.Key enhancements in Aurora 2.9 include: BlockRAM and DSP IP Configurator: Enables seamles ...
Is It Worth Investing in QuickLogic (QUIK) Based on Wall Street's Bullish Views?
ZACKS· 2025-02-05 15:30
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about QuickLogic (QUIK) .QuickLogic currently has an average brokerage recommendation (ABR) of 1.00, ...
QuickLogic (QUIK) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-02-04 23:56
QuickLogic (QUIK) closed the most recent trading day at $7.94, moving +1.15% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.72% for the day. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.35%.The maker of chips for mobile and portable electronics manufacturers's shares have seen a decrease of 34.03% over the last month, not keeping up with the Computer and Technology sector's loss of 1.35% and the S&P 500's gain of 1.02%.The investment co ...
Is QuickLogic (QUIK) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2025-01-20 15:36
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about QuickLogic (QUIK) .QuickLogic currently has an average brokerage ...
QuickLogic to Exhibit at Chiplet Summit 2025
Prnewswire· 2025-01-17 18:22
SAN JOSE, Calif., Jan. 17, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), in collaboration with YorChip, is excited to announce its participation at the Chiplet Summit taking place at the Santa Clara Convention Center from January 21–23, 2025. Attendees are invited to Booth #323 to discover how QuickLogic's FPGA, eFPGA, and IP solutions provide the building blocks for creating low-power, flexible chiplets. By leveraging QuickLogic's robust chiplet ecosystem, engineers can seamlessly integrate a ...
QuickLogic (QUIK) Rises Higher Than Market: Key Facts
ZACKS· 2025-01-15 00:01
QuickLogic (QUIK) closed the most recent trading day at $8.51, moving +0.35% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.12% for the day. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq depreciated by 0.23%.Prior to today's trading, shares of the maker of chips for mobile and portable electronics manufacturers had gained 4.82% over the past month. This has outpaced the Computer and Technology sector's loss of 3.73% and the S&P 500's ...
QuickLogic Signs Agreement with Magenta to Expand Distribution Network to Turkiye and UAE
Prnewswire· 2025-01-14 12:33
SAN JOSE, Calif., Jan. 14, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, and ruggedized FPGAs, is pleased to announce that it recently signed a distribution agreement with Magenta Technology Limited, a critical technologies and components supplier headquartered in Ankara.  This partnership will expand QuickLogic's presence across Turkiye and the UAE, reaching customers in high-demand sectors including defense, aerospace, and telecommunications."Par ...