News stories about DSP Group (NASDAQ:DSPG) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. DSP Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.097599604104 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of DSP Group in a report on Thursday, February 1st. Zacks Investment Research raised shares of DSP Group from a “sell” rating to a “hold” rating and set a $14.00 price objective on the stock in a report on Thursday. Dougherty & Co upped their price objective on shares of DSP Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, BidaskClub downgraded shares of DSP Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.83.
Shares of DSPG traded down $0.10 during trading hours on Friday, hitting $11.70. The stock had a trading volume of 27,527 shares, compared to its average volume of 52,382. DSP Group has a fifty-two week low of $10.80 and a fifty-two week high of $13.95. The stock has a market cap of $265.88, a P/E ratio of 68.82, a P/E/G ratio of 5.09 and a beta of 0.78.
DSP Group (NASDAQ:DSPG) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. DSP Group had a negative net margin of 2.41% and a positive return on equity of 2.71%. The firm had revenue of $31.20 million during the quarter, compared to analysts’ expectations of $31.13 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. analysts forecast 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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