QuickLogic price target raised to $16 from $13 at Craig-Hallum

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.