QuickLogic price target raised to $13 from $11 at Craig-Hallum

Craig-Hallum raised the firm’s price target on QuickLogic to $13 from $11 and keeps a Buy rating on the shares. The firm notes that QuickLogic continues to execute well while hitting its guidance, driving continued growth and profits that shows that its business transformation is taking shape at an early stage. Its funnel continues to expand rapidly and is supporting another year of at least 30% growth along with positive cash flow for the first time in many years, Craig-Hallum adds.