NEW YORK ( TheStreet) -- Quicklogic Corporation (Nasdaq: QUIK) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. QuickLogic Corporation, a fabless semiconductor company, develops and markets low power customizable semiconductor solutions for tablets, smartbooks, netbooks, cloudbooks, smartphones, datacards, and mobile enterprise products. The company has a P/E ratio of 201.3, above the S&P 500 P/E ratio of 23.5. Quicklogic has a market cap of $218.8 million and is part of the technology sector and electronics industry. Shares are down 5.3% year to date as of the close of trading on Wednesday.