QuickLogic initiated with a Buy at Lake Street

Lake Street initiated coverage of QuickLogic (QUIK) with a Buy rating and $10 price target Strategic Radiation Hardened devices are of strategic importance for upgrading nuclear weapons and defense systems and as the only U.S. company with SRH FPGA capabilities and fabrication, the firm believes QuickLogic is “well-positioned to capitalize on these high-margin, highly sticky opportunities that can total $100M’s in revenue,” the analyst tells investors.