Agreed---actually hoping market rolls over so i can add---I've held a core position of 200 shares since the company was LNOP--have traded numerous times----sometimes owning as many as 2k shares(got lucky in october o8---backed up the truck when it went below 6)currently holding 300 would like to up that to 500--600----don't want to jump quite yet----but might chase if shorts get antsy and start to cover----sitting tight for now--good luck
One of the reasons EZ has been trading at a discount given revenue growth and margins was due to its concentration of revenue associated with CSCO----today's acquisition is terrific for long term investors---double's potential market opportunities---broadens revenue base---and no dilution----shorts better get out while the gettin is good
yes---given avg. daily volume but as previously posted---most shorts are short at higher prices so i'd expect covering on weakness rather than an outright squeeze at this point---should lend support to stock in low 24's
1---a lot of dumb money in the world
2--you have no idea why they are short---ie--did they short at higher prices and have now hedged by going long and holding short--ie--lock in gains without paying capital gains---this is a buy and hold stock---put it in your portfolio ad sell it two--three years from now at 40 or more
EZCH short interest as of June 13, 2014 was 2,378,497 shares
EZCH short interest as of May 30, 2014 was 2,365,327 shares.
An increase of 13,170 shares.
(What say Wally Doodle ? Shorts still clueless as ever, and smacked again ? Seems like their sitting tight and going nowhere).
EZCH sellers are setting themselves up beautifully to get whacked again on earnings. In the meantime I suppose they will continue to push the stock around. But what goes around, comes around.
Part 2 Bloomberg
EZchip is nearing production on a more powerful line of network processors known as the NP-5, Chief Executive Officer Eli Fruchter said in a May 14 conference call. The company expects to start winning customers for the new chips, which will have a selling price about 50 percent higher than current models, in the second half of the year, Fruchter said. It’s also developing a new line of so-called NPS network processors.
Last month EZchip reported first-quarter income that beat analyst projections. Annual sales, which surged 30 percent in 2013, will grow another 25 percent this year, according to six analyst estimates compiled by Bloomberg. That’s a reversal from 2012, when revenue tumbled 14 percent while adjusted earnings sank 31 percent.
“The business has clearly turned a corner,” Jay Srivatsa, an analyst at Chardan Capital Markets in New York which rates EZchip a buy, said in a phone interview June 19. “As the year progresses and people start to see their customers getting better order patterns and EZchip continuing to post stronger numbers, people will start to believe that the stock is worth a lot more than its current levels.”
EZchip sank 21 percent on Sept. 12 as San Jose, California-based Cisco, which represents about 40 percent of sales, said it will start developing its own processor. The stock rebounded in following weeks as EZchip said that Cisco intends to use the NP-5 in “all key platforms” that use an older version and has not yet made a decision on any network processor beyond NP-5.
Perrigo added 2.5 percent last week, paring its 2014 drop to 6.2 percent. Perrigo and Somerset, New Jersey-based Catalent Inc. reached a settlement with Teva Pharmaceutical Industries Ltd. on June 20 over the generic version of a Teva aerosol product. The Tel Aviv traded shares of Perrigo advanced 1.3 percent to 495.40 shekels today
Sentiment: Strong Buy
EZchip Jumps as New Products Incite Buy Recommendation
By Edith Waringa Kamau - Jun 22, 2014
EZchip Semiconductor Ltd. (EZCH) gained the most in a month in New York after Feltl & Co. raised the stock to a strong buy as new products will help the shares rebound from the worst tumble in eight years.
The company, which makes processors that power routers, rose 3.7 percent in the U.S. last week, helped by a 6.7 percent gain on June 17 following the bullish analyst recommendation. The Bloomberg Israel-US Equity Index gained 1.3 percent to a two-month high. Perrigo Co., the largest maker of generic over-the-counter medicines in the U.S., advanced for a third week in the U.S.
EZchip shares are “significantly” undervalued as the Yokneam, Israel-based company has new products that will expand its customer base, according to Jeffrey Schreiner, an analyst at Feltl, who raised his rating from buy. The stock will advance 27 percent in the next 12 months based on analyst projections compiled by Bloomberg. It sank 26 percent last year for the worst performance since 2005 amid speculation customers such as Cisco Systems Inc. will start developing their own technology.
Last week’s gain “is more than sustainable and the stocks have been completely undervalued,” Schreiner said by phone from Menlo Park, California on June 19. “The company is also developing new products in the second half of 2014, which we believe will be a contributor to its progress in 2015.”
Schreiner has a price estimate of $31, implying a 22 percent jump from last week’s closing level. The stock is trading at a forward price-to-earnings multiple of 16.5, close to a four-year low. EZchip shares declined 1.3 percent to 87.95 shekels ($25.52) at the close in Tel Aviv today.
Sentiment: Strong Buy
I usually don't post another company on this message board but Quicklogic looks like it could be the next LNOP (Yes, I've been here a long time)
Roth reiterates Buy today:
We believe that the introduction of the Amazon Fire Phone with multiple sensors such as gyros,
accelerometers, compass, pressure sensor, dynamic perspective sensor, proximity sensor, ambient light sensor, advanced audio and microphone sensors highlight the need for low-power, always-on sensor hubs which can intelligently process the sensor signals and present the optimum signal to the power-hungry apps processor which will only be woken up on demand for context-sensitive applications. QUIK also recently introduced its ultra-low power, always-on S1 Wearable Sensor Hub platform for wearable computing and display applications targeting a 40 to 50 million unit market in 2014 rising to 90 to 100 million units in 2015, according to NPD Display Research. We believe that the catalog CSSP Wearable sensor hub platform, available for immediate production ramp, provides an out-of-box complete solution with software and algorithms to enable fast time-to-market for health, fitness, and wearable computing/display applications. QUIK has developed algorithms such as "tap-to-wake" and "Rotate-Wrist-To-Wake" as part of the Catalog CSSP platform for quick time-to-market which allow the wearable device to respond to user movements and gestures without waking up the power-hungry applications processor. We reiterate our Buy rating and believe that QUIK has growing design win momentum for its programmable connectivity and sensor hub chips targeted at the 1 billion plus smartphone and always-on wearable computing/display market with potential significant revenue ramp during 2015.