QuickLogic to Join Russell 3000 and 2000 Indexes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: PRnewswire
- Index Inclusion Milestone: QuickLogic is set to join the Russell 3000 and Russell 2000 indexes effective June 29, reflecting significant recognition in the eFPGA market and likely attracting increased investor interest.
- Enhanced Market Influence: The Russell indexes encompass approximately 4,000 of the largest U.S. companies, and QuickLogic's inclusion will provide greater visibility among asset managers and institutional investors, further driving shareholder value growth.
- Importance of Asset Benchmarking: As of June 2025, around $12.2 trillion in assets are benchmarked against the Russell indexes, and QuickLogic's membership will strengthen its competitive position within this vast market, enhancing its market standing.
- Strategic Execution and Growth: QuickLogic CEO Brian Faith noted that inclusion in the Russell indexes will provide greater exposure for the company, supporting ongoing growth in aerospace, defense, and industrial markets while advancing the execution of its strategic initiatives.
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Analyst Views on QUIK
Wall Street analysts forecast QUIK stock price to fall
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 23.740
Low
5.95
Averages
7.98
High
10.00
Current: 23.740
Low
5.95
Averages
7.98
High
10.00
About QUIK
QuickLogic Corporation is a semiconductor company that develops embedded FPGA (eFPGA) intellectual property (IP), discrete FPGAs, and FPGA system-on-chips (SoCs) for a variety of industrial, aerospace and defense, edge, and endpoint artificial intelligence (AI), consumer, and computing applications. Its products include eFPGA IP Licensing business and associated professional services, consisting of the development and integration of eFPGA technology into custom semiconductor solutions. Its silicon products consist of EOS, QuickAI, ArcticLink III, PolarPro3, PolarPro II, PolarPro, and others. Its new products category includes its artificial intelligence/machine learning (AI/ML) Software Platform from its subsidiary company, SensiML, which includes Software-as-a-Service (SaaS) subscriptions for development when deployed in production, and proof-of-concept services. Its mature products include FPGA families named PASIC3 and QuickRAM, as well as programming hardware and design software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
QuickLogic to Join Russell 3000 and 2000 Indices
- Index Inclusion Impact: QuickLogic is set to join the Russell 3000 Index effective June 29, which not only enhances the company's market visibility but may also attract more institutional investors, thereby strengthening its stock performance.
- Small-Cap Advantage: By being part of the Russell 3000, QuickLogic automatically enters the small-cap Russell 2000 Index, increasing its exposure among small-cap investors and potentially driving future capital inflows.
- Growth Potential Outlook: QuickLogic anticipates a revenue growth of 50% to 100% in 2026, driven by RADPro development kits and Intel 18A contracts, indicating strong market demand and growth potential for the company.
- Market Reaction Analysis: Despite an 8% drop in QuickLogic's stock following a wider Q1 loss, the news of joining the Russell Index could improve investor confidence, promote stock recovery, and attract long-term investors.
See More
QuickLogic to Join Russell 3000 and 2000 Indexes
- Index Inclusion Milestone: QuickLogic is set to join the Russell 3000 and Russell 2000 indexes effective June 29, reflecting significant recognition in the eFPGA market and likely attracting increased investor interest.
- Enhanced Market Influence: The Russell indexes encompass approximately 4,000 of the largest U.S. companies, and QuickLogic's inclusion will provide greater visibility among asset managers and institutional investors, further driving shareholder value growth.
- Importance of Asset Benchmarking: As of June 2025, around $12.2 trillion in assets are benchmarked against the Russell indexes, and QuickLogic's membership will strengthen its competitive position within this vast market, enhancing its market standing.
- Strategic Execution and Growth: QuickLogic CEO Brian Faith noted that inclusion in the Russell indexes will provide greater exposure for the company, supporting ongoing growth in aerospace, defense, and industrial markets while advancing the execution of its strategic initiatives.
See More
Latest Wall Street Rating Updates
- Goldman Sachs Reiterates Buy on Broadcom: Goldman raised Broadcom's price target from $480 to $500, anticipating strong CapEx spending patterns from key customers, indicating that the upcoming earnings report may exceed market expectations.
- Oppenheimer Upgrades Rubrik: Oppenheimer upgraded Rubrik from Perform to Outperform with a price target of $85, based on strong checks from value-added resellers, highlighting the product's competitive strength in the market.
- UBS Upgrades Packaging Corp: UBS upgraded Packaging Corp from Neutral to Buy, expecting the $50/ton price hike to stick, which, combined with high utilization and prior capacity cuts, could add approximately $290 million in annualized EBITDA.
- Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
See More
QuickLogic Secures $2.7 Million FPGA Contract
- Contract Value: QuickLogic Corporation has secured a new contract valued at $2.7 million to design and produce FPGA test chips, significantly enhancing its competitive position in the embedded FPGA market.
- Evaluation Tool Development: The scope of the new contract includes the development of an evaluation kit compatible with third-party development environments, scheduled for late 2026, which will help customers accelerate evaluations while lowering risks and costs associated with new designs.
- Market Demand: QuickLogic is exploring the potential to leverage the discrete FPGA as a chiplet and plans to offer it as a storefront device, a strategy that may attract increased interest from both commercial and Defense Industrial Base customers.
- Technological Innovation: By combining cutting-edge technology with open-source tools, QuickLogic delivers highly customizable, low-power solutions aimed at aerospace, defense, industrial, and consumer markets, further solidifying its market position.
See More
QuickLogic Secures $2.7 Million Contract for FPGA Development
- Contract Value and Timeline: QuickLogic has secured a new contract valued at $2.7 million, with revenue recognition set to begin in Q2 2026 and extend through Q1 2027, providing the company with a stable revenue stream and enhancing its financial outlook.
- Technical Development and Application: The contract will focus on GlobalFoundries' 12LP fabrication process, with QuickLogic designing and tape-out FPGA Test Chips, and the new Evaluation Kit scheduled for late 2026 will be compatible with various third-party development environments, reducing design risks and costs for customers.
- Market Demand and Collaboration Opportunities: Andy Jaros, VP of IP Sales, noted growing interest in leveraging the discrete FPGA as a chiplet, which not only enhances product flexibility but may also attract more partners, further expanding market share.
- Company Strategy and Positioning: QuickLogic specializes in developing low-power, highly customizable solutions using open-source tools, aiming to meet the needs of aerospace, defense, industrial, and consumer markets, thereby strengthening its strategic position in the competitive semiconductor industry.
See More
QuickLogic Q1 Earnings Miss Expectations, Stock Drops 8%
- Earnings Decline: QuickLogic reported Q1 revenue of $5.1 million, a 17% year-over-year increase, yet it fell short of market expectations, resulting in an over 8% drop in stock price, indicating pressure in a competitive landscape.
- Product Revenue Performance: New product revenue grew 14.5% year-over-year, while mature product revenue reached $0.8 million, up from $0.6 million last year, suggesting progress in the company's product line refresh.
- Deteriorating Financials: Non-GAAP gross margin decreased to 39.6% from 45.6% a year earlier, and non-GAAP net loss widened to $1.3 million, exceeding estimates by $0.03, reflecting challenges in cost management.
- Future Growth Outlook: Management reiterated a revenue growth target of 50%-100% for 2026, primarily driven by RadPro commercialization and contracts related to Intel 18A, demonstrating confidence in future prospects.
See More
QuickLogic to Join Russell 3000 and 2000 Indices
- Index Inclusion Impact: QuickLogic is set to join the Russell 3000 Index effective June 29, which not only enhances the company's market visibility but may also attract more institutional investors, thereby strengthening its stock performance.
- Small-Cap Advantage: By being part of the Russell 3000, QuickLogic automatically enters the small-cap Russell 2000 Index, increasing its exposure among small-cap investors and potentially driving future capital inflows.
- Growth Potential Outlook: QuickLogic anticipates a revenue growth of 50% to 100% in 2026, driven by RADPro development kits and Intel 18A contracts, indicating strong market demand and growth potential for the company.
- Market Reaction Analysis: Despite an 8% drop in QuickLogic's stock following a wider Q1 loss, the news of joining the Russell Index could improve investor confidence, promote stock recovery, and attract long-term investors.
See More
QuickLogic to Join Russell 3000 and 2000 Indexes
- Index Inclusion Milestone: QuickLogic is set to join the Russell 3000 and Russell 2000 indexes effective June 29, reflecting significant recognition in the eFPGA market and likely attracting increased investor interest.
- Enhanced Market Influence: The Russell indexes encompass approximately 4,000 of the largest U.S. companies, and QuickLogic's inclusion will provide greater visibility among asset managers and institutional investors, further driving shareholder value growth.
- Importance of Asset Benchmarking: As of June 2025, around $12.2 trillion in assets are benchmarked against the Russell indexes, and QuickLogic's membership will strengthen its competitive position within this vast market, enhancing its market standing.
- Strategic Execution and Growth: QuickLogic CEO Brian Faith noted that inclusion in the Russell indexes will provide greater exposure for the company, supporting ongoing growth in aerospace, defense, and industrial markets while advancing the execution of its strategic initiatives.
See More
Latest Wall Street Rating Updates
- Goldman Sachs Reiterates Buy on Broadcom: Goldman raised Broadcom's price target from $480 to $500, anticipating strong CapEx spending patterns from key customers, indicating that the upcoming earnings report may exceed market expectations.
- Oppenheimer Upgrades Rubrik: Oppenheimer upgraded Rubrik from Perform to Outperform with a price target of $85, based on strong checks from value-added resellers, highlighting the product's competitive strength in the market.
- UBS Upgrades Packaging Corp: UBS upgraded Packaging Corp from Neutral to Buy, expecting the $50/ton price hike to stick, which, combined with high utilization and prior capacity cuts, could add approximately $290 million in annualized EBITDA.
- Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
See More
QuickLogic Secures $2.7 Million FPGA Contract
- Contract Value: QuickLogic Corporation has secured a new contract valued at $2.7 million to design and produce FPGA test chips, significantly enhancing its competitive position in the embedded FPGA market.
- Evaluation Tool Development: The scope of the new contract includes the development of an evaluation kit compatible with third-party development environments, scheduled for late 2026, which will help customers accelerate evaluations while lowering risks and costs associated with new designs.
- Market Demand: QuickLogic is exploring the potential to leverage the discrete FPGA as a chiplet and plans to offer it as a storefront device, a strategy that may attract increased interest from both commercial and Defense Industrial Base customers.
- Technological Innovation: By combining cutting-edge technology with open-source tools, QuickLogic delivers highly customizable, low-power solutions aimed at aerospace, defense, industrial, and consumer markets, further solidifying its market position.
See More
QuickLogic Secures $2.7 Million Contract for FPGA Development
- Contract Value and Timeline: QuickLogic has secured a new contract valued at $2.7 million, with revenue recognition set to begin in Q2 2026 and extend through Q1 2027, providing the company with a stable revenue stream and enhancing its financial outlook.
- Technical Development and Application: The contract will focus on GlobalFoundries' 12LP fabrication process, with QuickLogic designing and tape-out FPGA Test Chips, and the new Evaluation Kit scheduled for late 2026 will be compatible with various third-party development environments, reducing design risks and costs for customers.
- Market Demand and Collaboration Opportunities: Andy Jaros, VP of IP Sales, noted growing interest in leveraging the discrete FPGA as a chiplet, which not only enhances product flexibility but may also attract more partners, further expanding market share.
- Company Strategy and Positioning: QuickLogic specializes in developing low-power, highly customizable solutions using open-source tools, aiming to meet the needs of aerospace, defense, industrial, and consumer markets, thereby strengthening its strategic position in the competitive semiconductor industry.
See More
QuickLogic Q1 Earnings Miss Expectations, Stock Drops 8%
- Earnings Decline: QuickLogic reported Q1 revenue of $5.1 million, a 17% year-over-year increase, yet it fell short of market expectations, resulting in an over 8% drop in stock price, indicating pressure in a competitive landscape.
- Product Revenue Performance: New product revenue grew 14.5% year-over-year, while mature product revenue reached $0.8 million, up from $0.6 million last year, suggesting progress in the company's product line refresh.
- Deteriorating Financials: Non-GAAP gross margin decreased to 39.6% from 45.6% a year earlier, and non-GAAP net loss widened to $1.3 million, exceeding estimates by $0.03, reflecting challenges in cost management.
- Future Growth Outlook: Management reiterated a revenue growth target of 50%-100% for 2026, primarily driven by RadPro commercialization and contracts related to Intel 18A, demonstrating confidence in future prospects.
See More
