DSP Group (DSPG) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of DSP Group (NASDAQ:DSPG) from a hold rating to a buy rating in a report released on Thursday morning.

Other analysts have also issued reports about the stock. BidaskClub raised shares of DSP Group from a sell rating to a hold rating in a research note on Friday, August 24th. Zacks Investment Research raised shares of DSP Group from a sell rating to a hold rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $15.25.

DSPG stock traded down $0.14 during mid-day trading on Thursday, reaching $12.28. 3,587 shares of the stock traded hands, compared to its average volume of 97,480. DSP Group has a 52-week low of $10.15 and a 52-week high of $13.50. The firm has a market capitalization of $278.69 million, a PE ratio of 72.35, a P/E/G ratio of 7.20 and a beta of 0.67.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. DSP Group had a negative net margin of 1.44% and a positive return on equity of 3.96%. The company had revenue of $32.62 million during the quarter, compared to analyst estimates of $33.00 million. As a group, analysts forecast that DSP Group will post 0.12 EPS for the current year.

In related news, Director Cynthia Paul purchased 12,309 shares of DSP Group stock in a transaction dated Friday, October 12th. The stock was acquired at an average cost of $11.28 per share, with a total value of $138,845.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 24,721 shares of company stock valued at $280,796 over the last three months. 5.25% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System acquired a new position in DSP Group in the second quarter worth approximately $127,000. A.R.T. Advisors LLC acquired a new position in DSP Group in the first quarter worth approximately $125,000. Algert Global LLC acquired a new position in DSP Group in the second quarter worth approximately $149,000. Engineers Gate Manager LP acquired a new position in DSP Group in the second quarter worth approximately $167,000. Finally, Trexquant Investment LP acquired a new position in DSP Group in the second quarter worth approximately $207,000. Hedge funds and other institutional investors own 81.03% of the company’s stock.

DSP Group Company Profile

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.

See Also: Understanding Price to Earnings Ratio (PE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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