DSP Group, Inc. (NASDAQ:DSPG) has been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.00.
A number of research analysts have recently commented on the company. Canaccord Genuity reiterated a “buy” rating and set a $16.00 target price on shares of DSP Group in a research report on Thursday, November 2nd. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of DSP Group in a research report on Thursday, February 1st. Zacks Investment Research upgraded DSP Group from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Dougherty & Co raised their price target on DSP Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, BidaskClub downgraded DSP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd.
DSP Group (DSPG) traded down $0.05 during midday trading on Friday, hitting $12.25. The stock had a trading volume of 82,100 shares, compared to its average volume of 63,308. The company has a market cap of $274.57, a P/E ratio of -81.67, a P/E/G ratio of 3.64 and a beta of 0.77. DSP Group has a 52-week low of $9.85 and a 52-week high of $14.20.
DSP Group (NASDAQ:DSPG) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $31.20 million during the quarter, compared to the consensus estimate of $31.13 million. DSP Group had a positive return on equity of 2.71% and a negative net margin of 2.41%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. sell-side analysts predict that DSP Group will post 0.23 earnings per share for the current fiscal year.
In other news, CFO Dror Levy sold 4,060 shares of DSP Group stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $12.85, for a total transaction of $52,171.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick Tanguy sold 15,000 shares of DSP Group stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $12.80, for a total value of $192,000.00. Following the sale, the director now owns 31,000 shares of the company’s stock, valued at $396,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,060 shares of company stock valued at $401,371. 5.18% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in DSPG. Alliancebernstein L.P. lifted its position in shares of DSP Group by 51.1% during the second quarter. Alliancebernstein L.P. now owns 35,800 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 12,100 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of DSP Group by 21.3% during the second quarter. Ameriprise Financial Inc. now owns 137,761 shares of the semiconductor company’s stock worth $1,598,000 after purchasing an additional 24,182 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of DSP Group by 12.5% during the second quarter. Nationwide Fund Advisors now owns 28,699 shares of the semiconductor company’s stock worth $333,000 after purchasing an additional 3,200 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of DSP Group by 20.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,530 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 2,280 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of DSP Group by 3.5% during the second quarter. Northern Trust Corp now owns 259,261 shares of the semiconductor company’s stock worth $3,007,000 after purchasing an additional 8,770 shares during the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.
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About DSP Group
DSP Group, Inc is a global provider of wireless and audio chipset solutions for converged communications. Delivering semiconductor system solutions with software and hardware reference designs, the Company enables original equipment manufacturers, original design manufacturers, consumer electronics manufacturers and service providers to develop new products.
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