Oppenheimer Maintains Market Perform on BCD Semiconductor

Oppenheimer is out with its report today on BCD Semiconductor BCDS, maintaining Market Perform. In a note to clients, Oppenheimer writes, "At 6x our CY12 EPS estimate of $1.16, BCD trades at a discount to peers' 10x. 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 Monday at $6.75.