Oppenheimer Maintains a 'Perform' on EZchip Semiconductor (EZCH); Positives Already Priced In

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Oppenheimer maintains a 'Perform' on EZchip Semiconductor (NASDAQ: EZCH).

Andrew Uerkwitz, said, "We hosted an investor call with EZchip CEO Eli Fruchter following the company's recent announcement of the new NPS product line. The call shed more light on NPS's details as well as EZCH's near-term view of its business. Our take-away from the call is that despite macrorelated short-term uncertainties, the long-term prospect for EZCH is enhanced with this new product line. It affords a quality adjacency for its technology, sales, and support teams. It presents both new customer opportunities as well further penetration into current ones. Risks include a more competitive environment and no immediate return on investment (material revenue not expected until 2015)."

For an analyst ratings summary and ratings history on EZchip Semiconductor click here. For more ratings news on EZchip Semiconductor click here.

Shares of EZchip Semiconductor closed at $33.98 yesterday, with a 52 week range of $27.02-$46.79.

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