Craig-Hallum raised the firm’s price target on QuickLogic to $16 from $13 and keeps a Buy rating on the shares. The firm notes QuickLogic is off to a strong start fundamentally this year, with two contracts in place. While changes in contract structures are delaying revenue recognition that creates the perception of a miss on the guidance, Craig-Hallum has urged investors to look at the full year, and that advice stands true when looking at this report, the firm adds.
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