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Shares of EZchip (NASDAQ:EZCH) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the stock, Analyst Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $30.40.

Several analysts have recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of EZchip in a research note on Wednesday. They set an “outperform” rating and a $28.00 price target 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.

Shares of EZchip (NASDAQ:EZCH) opened at 24.38 on Wednesday. EZchip has a one year low of $21.30 and a one year high of $31.14. The stock’s 50-day moving average is $25.73 and its 200-day moving average is $25.26. The company has a market cap of $706.5 million and a P/E ratio of 29.29.

EZchip (NASDAQ:EZCH) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.23 earnings per share. EZchip’s revenue was up 32.7% compared to the same quarter last year. 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).

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