DSP Group (NASDAQ:DSPG) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.
DSPG has been the subject of a number of other research reports. Zacks Investment Research cut shares of DSP Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of DSP Group in a report on Friday, June 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. DSP Group currently has a consensus rating of “Buy” and a consensus target price of $15.40.
Shares of NASDAQ DSPG opened at $11.50 on Friday. The company has a market cap of $267.02 million, a P/E ratio of 67.65, a PEG ratio of 6.90 and a beta of 0.82. DSP Group has a 52-week low of $11.14 and a 52-week high of $13.95.
DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The firm had revenue of $30.65 million during the quarter, compared to analysts’ expectations of $31.00 million. DSP Group had a negative net margin of 1.28% and a positive return on equity of 3.71%. During the same quarter in the previous year, the company earned $0.06 earnings per share. Equities analysts forecast that DSP Group will post 0.12 EPS for the current year.
In other news, Director Cynthia Paul acquired 12,309 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The stock was purchased at an average price of $11.28 per share, for a total transaction of $138,845.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 23,405 shares of company stock valued at $266,004. Corporate insiders own 5.25% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DSPG. A.R.T. Advisors LLC acquired a new position in shares of DSP Group in the first quarter valued at approximately $125,000. Louisiana State Employees Retirement System acquired a new position in shares of DSP Group in the second quarter valued at approximately $127,000. Algert Global LLC acquired a new position in shares of DSP Group in the second quarter valued at approximately $149,000. Engineers Gate Manager LP acquired a new position in shares of DSP Group in the second quarter valued at approximately $167,000. Finally, Trexquant Investment LP acquired a new position in shares of DSP Group in the second quarter valued at approximately $207,000. Institutional investors own 79.52% of the company’s stock.
About DSP Group
DSP Group, Inc, a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications worldwide. It operates through three segments: Home, Office, and SmartVoice. The company provides a portfolio of wireless chipsets that integrate DECT/CAT-iq, ULE, Wi-Fi, PSTN, HDClear, video, and VoIP technologies.
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