Oppenheimer Reiterates Perform on BCD Semiconductor

Oppenheimer is out with its report today on BCD Semiconductor BCDS, reiterating Perform. In its report, Oppenheimer writes, "At 7x our new CY12 EPS estimate of $0.80, BCDS trades at a discount to the group. However, given BCD's elevated risk profile associated with high PC/Consumer and regional (Asia) concentration, we do not believe shares deserve a valuation premium at this time. We are maintaining our Perform rating." Shares of BCDS closed Thursday at $5.60, up 3.13% from Wednesday's close.