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EZchip (NASDAQ:EZCH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $29.90 price target on the stock. Zacks‘s price objective suggests a potential upside of 11.90% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of EZchip in a research note on Thursday, August 14th. They now have a $28.00 price target on the stock, down previously from $29.00. Separately, analysts at Imperial Capital initiated coverage on shares of EZchip in a research note on Wednesday, August 6th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.15.

EZchip (NASDAQ:EZCH) traded down 3.82% on Wednesday, hitting $25.70. 125,826 shares of the company’s stock traded hands. EZchip has a 52 week low of $21.30 and a 52 week high of $31.14. The stock has a 50-day moving average of $25.29 and a 200-day moving average of $25.28. The company has a market cap of $749.3 million and a price-to-earnings ratio of 31.11.

EZchip (NASDAQ:EZCH) last announced its earnings results on Wednesday, August 13th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.02. The company had revenue of $22.10 million for the quarter, compared to the consensus estimate of $22.04 million. On average, analysts predict that EZchip will post $1.41 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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