DSP Group (NASDAQ:DSPG) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other research firms have also recently weighed in on DSPG. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of DSP Group in a research report on Thursday, February 1st. Zacks Investment Research cut shares of DSP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Dougherty & Co boosted their price objective on shares of DSP Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.83.
Shares of DSPG opened at $12.55 on Tuesday. The company has a market capitalization of $280.70, a PE ratio of 72.94, a price-to-earnings-growth ratio of 5.37 and a beta of 0.78. DSP Group has a one year low of $10.80 and a one year high of $13.95.
DSP Group (NASDAQ:DSPG) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $31.20 million for 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%. DSP Group’s revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. research analysts anticipate that DSP Group will post 0.23 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of DSPG. Chicago Equity Partners LLC bought a new position in DSP Group in the 4th quarter worth approximately $137,000. MetLife Investment Advisors LLC bought a new position in DSP Group in the 4th quarter worth approximately $141,000. SG Americas Securities LLC bought a new position in DSP Group in the 4th quarter worth approximately $186,000. Alambic Investment Management L.P. raised its position 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 during the last quarter. Finally, Arizona State Retirement System raised its position in shares of DSP Group by 225.8% during the 4th quarter. Arizona State Retirement System now owns 37,520 shares of the semiconductor company’s stock valued at $469,000 after acquiring an additional 26,005 shares during the last quarter. Hedge funds and other institutional investors own 76.50% 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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