DSP Group, Inc. (NASDAQ:DSPG) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 194,000 shares, a drop of 23.9% from the May 15th total of 254,800 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 109,600 shares, the short-interest ratio is currently 1.8 days.
DSPG stock traded up $0.29 during midday trading on Friday, hitting $14.59. The stock had a trading volume of 6,943 shares, compared to its average volume of 160,221. The firm has a market capitalization of $326.87 million, a price-to-earnings ratio of 63.48, a price-to-earnings-growth ratio of 7.57 and a beta of 0.72. DSP Group has a 52 week low of $10.15 and a 52 week high of $15.67. The stock’s 50-day simple moving average is $14.23. The company has a quick ratio of 2.93, a current ratio of 3.36 and a debt-to-equity ratio of 0.07.
DSP Group (NASDAQ:DSPG) last issued its earnings results on Monday, May 6th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $29.10 million. DSP Group had a positive return on equity of 4.48% and a negative net margin of 1.08%. Equities analysts forecast that DSP Group will post 0.13 earnings per share for the current fiscal year.
DSPG has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of DSP Group from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, April 22nd. BidaskClub downgraded shares of DSP Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. Cowen restated an “outperform” rating and issued a $17.00 price objective (up previously from $15.00) on shares of DSP Group in a research note on Tuesday, May 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of DSP Group in a research note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.25.
A number of hedge funds have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of DSP Group during the 1st quarter worth $748,000. Group One Trading L.P. acquired a new stake in shares of DSP Group during the 1st quarter worth $176,000. Kennedy Capital Management Inc. grew its holdings in shares of DSP Group by 33.0% during the 1st quarter. Kennedy Capital Management Inc. now owns 775,999 shares of the semiconductor company’s stock worth $10,918,000 after purchasing an additional 192,334 shares in the last quarter. Delek Group Ltd. acquired a new stake in shares of DSP Group during the 1st quarter worth $272,000. Finally, EAM Global Investors LLC bought a new stake in shares of DSP Group during the 1st quarter worth $1,339,000. 79.11% of the stock is owned by hedge funds and other institutional investors.
DSP Group Company Profile
DSP Group, Inc, a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications. 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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