Strength Seen in EZchip (EZCH) : Stock Gains 10.5% – Tale of the Tape

Zacks

EZchip Semiconductor Ltd. (EZCH) was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $23.71 to $25.31.

This fabless semiconductor company has seen 2 negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.

EZchip currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Stocks worth considering in the specialized semiconductor industry are Pericom Semiconductor Corp. (PSEM), NVE Corp. (NVEC) and Silicon Motion Technology Corp. (SIMO). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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