Kennedy Capital Management Inc. lifted its stake in shares of DSP Group (NASDAQ:DSPG) by 281.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,270 shares of the semiconductor company’s stock after acquiring an additional 113,123 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.69% of DSP Group worth $1,916,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of DSPG. Chicago Equity Partners LLC purchased a new position in DSP Group in the 4th quarter worth approximately $137,000. BNP Paribas Arbitrage SA lifted its holdings in DSP Group by 70.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,337 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 4,672 shares in the last quarter. Voya Investment Management LLC lifted its holdings in DSP Group by 16.1% in the 2nd quarter. Voya Investment Management LLC now owns 15,013 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 2,082 shares in the last quarter. SG Americas Securities LLC purchased a new position in DSP Group in the 4th quarter worth approximately $186,000. Finally, Alambic Investment Management L.P. lifted its holdings in DSP Group by 62.7% in the 4th quarter. Alambic Investment Management L.P. now owns 17,473 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 6,733 shares in the last quarter. 76.50% of the stock is currently owned by institutional investors.
DSPG has been the topic of a number of research analyst reports. Zacks Investment Research cut DSP Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. BidaskClub cut DSP Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of DSP Group in a report on Wednesday, January 3rd. Finally, Dougherty & Co boosted their price target on DSP Group from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. DSP Group presently has an average rating of “Hold” and a consensus price target of $14.83.
Shares of DSPG opened at $11.70 on Friday. The company has a market cap of $267.02, a PE ratio of 69.41, a PEG ratio of 5.11 and a beta of 0.78. DSP Group has a 1 year low of $10.80 and a 1 year high of $13.95.
DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The business had revenue of $31.20 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. equities research analysts predict that DSP Group will post 0.23 earnings per share for the current fiscal year.
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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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