QuickLogic (QUIK) to Develop Radiation-Tolerant eFPGA IP Chip
QuickLogic QUIK recently partnered with Zero-Error Systems America to develop a radiation-tolerant embedded field-programmable gate array intellectual property (eFPGA IP) chip for aeronautical and commercial space applications.
The solution will be ideal for ASICs and SoCs in flight and space environments. The radiation-tolerant ePFGA can also be reprogrammed after it is deployed. This will allow on-the-fly adjustments to accommodate changing mission objectives or requirements.
The radiation-tolerant eFPGA IP will benefit from the growth of the Low Earth Orbit (LEO) satellite market. Per a MarketsandMarkets report, the LEO market is expected to reach $19.8 billion by 2026 from $12.6 billion in 2023, with a CAGR of 15.5%. The space market is rising on the back of small satellite service providers, remote sensing and technical support.
QuickLogic Corporation Price and Consensus
QuickLogic Corporation price-consensus-chart | QuickLogic Corporation Quote
QuickLogic's new products segment records revenues generated from eFPGA IP intellectual property. In 2023, revenues from this segment contributed 86% of the total annual revenues.
Throughout the past year, the eFPGA division has significantly strengthened the company's performance, primarily driven by a steady flow of deals. Notably, in September 2023, QUIK secured an eFPGA IP agreement with an undisclosed entity, targeting the GlobalFoundries 22FDX platform.
Additionally, in January 2023, a partnership with Andes Technology Corporation was formed to jointly promote eFPGA solutions, particularly aiding Andes' customers in integrating QuickLogic eFPGA technology with RISC-V processor-based subsystems. Similar agreements were signed in 2022, including partnerships with Yu-Hsin Layout Technology and CHIP-gogo, all centering around the QuickLogic eFPGA technology.
Zacks Rank and Other Stocks to Consider
Currently, QuickLogic sports a Zacks Rank #1 (Strong Buy). Shares of QUIK have surged 304.7% in the past year.
Some other top-ranked stocks from the broader technology sector are BlackLine BL, Adobe ADBE and Dell Technologies DELL, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for BlackLine’s first-quarter 2024 earnings has remained unchanged at 47 cents per share for the past 90 days. Shares of BL have gained 1.7% in the past year.
The Zacks Consensus Estimate for Adobe’s first-quarter 2024 earnings has been revised by 12 cents northward to $4.38 per share in the past 90 days. Shares of ADBE have rallied 39.7% in the past year.
The Zacks Consensus Estimate for DELL’s first-quarter 2024 earnings has been revised downward by 5 cents to $1.35 per share in the past seven days. Shares of DELL have skyrocketed 177.3% in the past year.
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