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EZchip (NASDAQ:EZCH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $28.50 price target on the stock. Zacks‘s target price would indicate a potential upside of 2.67% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Feltl & Co. upgraded shares of EZchip from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.50.

Shares of EZchip (NASDAQ:EZCH) traded down 2.13% on Monday, hitting $27.17. The stock had a trading volume of 85,712 shares. EZchip has a 52-week low of $21.30 and a 52-week high of $32.79. The stock’s 50-day moving average is $25.3 and its 200-day moving average is $25.13. The company has a market cap of $787.3 million and a price-to-earnings ratio of 33.49.

EZchip (NASDAQ:EZCH) last released its earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $20.30 million for the quarter, compared to the consensus estimate of $20.00 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Analysts expect that EZchip will post $1.40 EPS for the current fiscal year.

EZchip Semiconductor Ltd. is the holding company of EZchip Technologies Ltd. (NASDAQ:EZCH).

To view Zacks’ full report, visit Zacks’ official website.

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