Cheap Stocks to Buy Under $10 - QuickLogic (QUIK)
QuickLogic (QUIK) is a “fabless” semiconductor company, meaning it designs and markets chips but does not fabricate them itself. QUIK semiconductors power tablets, smartphones and other devices — but unlike a company like Intel (INTC), you don’t have to worry about the capital expense of massive manufacturing infrastructure with this company.
QuikLogic simply designs the chips, sells them to gadget companies and allows a third-party company to make the actual products.
The stock has popped more than 60% in the past three months. But it’s still one of the top cheap stocks under $10 considering analysts’ increasingly bullish sentiment is a strong catalyst for QUIK to move higher after another great earnings report in a few weeks.