QuickLogic (QUIK) Soars 8.9%: Is Further Upside Left in the Stock?

Company Overview - QuickLogic (QUIK) shares increased by 8.9% to close at $7.45, following a notable trading volume compared to typical sessions, despite a 19% loss over the past four weeks [1] - The company specializes in chips for mobile and portable electronics manufacturers [3] Recent Developments - Optimism around QuickLogic is driven by contract wins with defense industrial base customers and progress in eFPGA hard IP deals on advanced nodes, as well as advancements in its internally funded SRH FPGA test chip, which is expected to enhance customer engagement and revenue growth [2] - The consensus EPS estimate for the upcoming quarter is a loss of $0.11 per share, reflecting a year-over-year decline of 375%, with expected revenues of $3.5 million, down 38.6% from the previous year [3] Market Position - QuickLogic currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5] - The stock's price movements are typically influenced by trends in earnings estimate revisions, which have remained unchanged for QuickLogic over the last 30 days [5] Industry Context - QuickLogic is part of the Zacks Electronics - Semiconductors industry, where another company, Silvaco Group, Inc. (SVCO), experienced a 4.3% decline to $3.53 and has returned -18% over the past month [5] - Silvaco Group's consensus EPS estimate for the upcoming report is -$0.07, representing a change of -146.7% from the previous year, and it also holds a Zacks Rank of 3 (Hold) [6]