EZChip Semiconductor Reaches New 52-Week High (EZCH)

NEW YORK ( TheStreet) -- EZChip Semiconductor (Nasdaq: EZCH) hit a new 52-week high Friday as it is currently trading at $42.81, above its previous 52-week high of $42.43 with 129,394 shares traded as of 2:40 p.m. ET. Average volume has been 304,300 shares over the past 30 days.

EZChip Semiconductor has a market cap of $912.6 million and is part of the technology sector and electronics industry. Shares are up 49.1% year to date as of the close of trading on Thursday.

EZchip, a fabless semiconductor company, engages in the development and marketing of Ethernet network processors for networking equipment. Its products include network processor chips, evaluation boards and network-processor based systems, and development software toolkits. The company has a P/E ratio of 75, above the average electronics industry P/E ratio of 53.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EZChip Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full EZChip Semiconductor Ratings Report.

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