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Investment analysts at Imperial Capital began coverage on shares of EZchip (NASDAQ:EZCH) in a note issued to investors on Wednesday. The firm set an “outperform” rating and a $28.00 price target on the stock. Imperial Capital’s target price would suggest a potential upside of 16.28% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of EZchip from an “underperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $28.50 price target on the stock. Separately, 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 issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. EZchip presently has a consensus rating of “Buy” and an average price target of $30.08.

EZchip (NASDAQ:EZCH) opened at 24.08 on Wednesday. EZchip has a 1-year low of $21.30 and a 1-year high of $32.55. The stock’s 50-day moving average is $25.87 and its 200-day moving average is $25.28. The company has a market cap of $697.8 million and a P/E ratio of 28.60.

EZchip (NASDAQ:EZCH) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. On average, analysts predict that EZchip will post $1.40 earnings per share for the current fiscal year.

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

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