Media headlines about DSP Group (NASDAQ:DSPG) have trended positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DSP Group earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.146768354022 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
DSP Group (NASDAQ:DSPG) traded down $0.15 during midday trading on Wednesday, hitting $12.10. The stock had a trading volume of 31,000 shares, compared to its average volume of 62,529. The company has a market cap of $273.46, a P/E ratio of -80.67, a P/E/G ratio of 5.33 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 issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. DSP Group had a positive return on equity of 2.71% and a negative net margin of 2.41%. The business had revenue of $31.20 million during the quarter, compared to analysts’ expectations of $31.13 million. During the same period in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. equities analysts forecast that DSP Group will post 0.23 earnings per share for the current fiscal year.
A number of brokerages recently commented on DSPG. Zacks Investment Research lowered DSP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Dougherty & Co raised their price target on DSP Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of DSP Group in a research report on Thursday, February 1st. Canaccord Genuity reissued a “buy” rating and issued a $16.00 target price on shares of DSP Group in a research report on Thursday, November 2nd. Finally, TheStreet cut DSP Group from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.00.
In other news, 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 completion of the sale, the director now directly owns 31,000 shares of the company’s stock, valued at $396,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dror Levy sold 4,060 shares of DSP Group stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $12.85, for a total value of $52,171.00. The disclosure for this sale can be found here. Insiders sold 31,060 shares of company stock worth $401,371 over the last three months. Corporate insiders own 5.18% of the company’s stock.
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DSP Group Company Profile
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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