Jefferies Maintains a 'Hold' on EZchip Semiconductor (EZCH); Raises PT and Esimates
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Price: $25.49 --0%
Rating Summary:
5 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
5 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Jefferies maintains a 'Hold' on EZchip Semiconductor (NASDAQ: EZCH) price target raised from $35 to $40.
Analyst, Sundeep Bajikar, said, "Q4 revenues and EPS beat, but Q1 revenue guidance missed by 7%, and visibility past Q1 remains limited. Prepayment of royalties to the Israeli office of chief scientist raised CY12 gross margin guidance by ~300bps to 81%. Our CY12 EPS increased to $1.17 (from $0.92). EZCH trades at a group-high EV/S of 10x (vs. group avg. EV/S of 3x), and we expect the stock to appreciate with the group...We think EZCH's higher trading multiples account for a relatively benign competitive environment and potential for upside from lumpy telco order patterns. Downside risks include extended slowdowns or stalls in communications infrastructure deployments, and mis-execution on products."
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 $37.05 yesterday.
Analyst, Sundeep Bajikar, said, "Q4 revenues and EPS beat, but Q1 revenue guidance missed by 7%, and visibility past Q1 remains limited. Prepayment of royalties to the Israeli office of chief scientist raised CY12 gross margin guidance by ~300bps to 81%. Our CY12 EPS increased to $1.17 (from $0.92). EZCH trades at a group-high EV/S of 10x (vs. group avg. EV/S of 3x), and we expect the stock to appreciate with the group...We think EZCH's higher trading multiples account for a relatively benign competitive environment and potential for upside from lumpy telco order patterns. Downside risks include extended slowdowns or stalls in communications infrastructure deployments, and mis-execution on products."
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 $37.05 yesterday.
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