EZchip Semiconductor Ltd. is beating peers by the most since February after Cisco Systems Inc., which contributed 43 percent of the Israeli chipmaker’s sales last year, said demand for products using their technology is rising.
Israeli technology companies, the worst performers among the nation’s U.S.-listed stocks this year, are poised to post the slowest sales growth since 2009 as Europe’s recession cuts spending on phones to computers.
Chinese equities in New York climbed from the lowest level since September, led by gains in Spreadtrum Communications Inc., after Bank of America Corp. said rising smartphone use will boost Asian semiconductor makers.
EZchip Semiconductor Ltd., the worst-performing stock among Israeli companies traded in New York over the past month, is poised to extend declines as competition grows, according to Chardan Capital Markets LLC.
Perion Network Ltd. rallied to a one-month high in New York as the Israeli maker of Internet tools affirmed a record sales forecast six weeks after Google Inc. limited use of its search engine in the company’s products.
Allot Communications Ltd. fell in New York to trade at the biggest discount to its Tel Aviv shares in three weeks on concern delays in securing contracts and an acquisition announced yesterday will erode earnings.
Spreadtrum Communications Inc., a Chinese mobile-phone chipmaker, tumbled to an eight-month low in New York after Chardan Capital Markets recommended buying shares of competitor RDA Microelectronics Inc.