QUIK - QuickLogic: Risk-Reward Looks Favorable Now

2024-06-12 13:16:28 ET

Summary

• QUIK is still on course to deliver compelling revenue growth despite timing shifts which make H1 worse than it actually looks.
• Besides the core interest in QUIK's eFPGA IP, positive developments are also expected from SensiML, and QUIK's chiplet portfolio.
• The risk-reward on the charts looks favorable and institutional interest in the stock continues to grow despite the recent weakness.

Introduction

A couple of months back, we had written an initiation piece on QuickLogic Corporation ( QUIK ), a fabless semiconductor entity that has been developing a name for itself in the space of programmable logic technology; back then, we had highlighted some of the appealing facets of the QUIK business, but at the same time, were also not confident that a long position in the stock was going to be too rewarding, and advised investors to wait for a pullback....

For further details see: