QuickLogic (QUIK) — This fabless semiconductor company designs, markets and supports customized semiconductor solutions for tablets, smartphones, etc. It recently received “buy” recommendations from Zacks, Michael Ashbaugh, Michael Murphy and others.
The stock has popped more than 30% in the past month. Analysts’ increasingly bullish sentiment is a strong catalyst for QUIK to move higher. The company will be making a presentation at the Consumer Electronics Show this week, and as Murphy says, “They are hitting on all cylinders.”
This is a highly speculative recommendation based solely on a very strong chart breakout. Thus, it is only suitable for investors with the means to take a high degree of risk. The trading target is $10.