Shares of DSP Group, Inc. (NASDAQ:DSPG) have received a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.50.
Several analysts recently weighed in on DSPG shares. ValuEngine downgraded shares of DSP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Zacks Investment Research upgraded shares of DSP Group from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, October 9th. Needham & Company LLC set a $18.00 price target on shares of DSP Group and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BidaskClub downgraded shares of DSP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th.
In other DSP Group news, CFO Dror Levy sold 17,171 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $14.69, for a total transaction of $252,241.99. Following the sale, the chief financial officer now directly owns 188,171 shares in the company, valued at approximately $2,764,231.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC raised its holdings in shares of DSP Group by 111.1% in the 2nd quarter. Quantamental Technologies LLC now owns 2,516 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 1,324 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of DSP Group by 473.6% in the 2nd quarter. Bank of Montreal Can now owns 4,107 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 3,391 shares in the last quarter. Laurion Capital Management LP bought a new stake in shares of DSP Group in the 2nd quarter worth approximately $144,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of DSP Group in the 2nd quarter worth approximately $172,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of DSP Group in the 2nd quarter worth approximately $194,000. Institutional investors own 78.50% of the company’s stock.
Shares of NASDAQ:DSPG opened at $15.06 on Tuesday. The company has a market cap of $329.62 million, a PE ratio of 65.48, a P/E/G ratio of 13.07 and a beta of 0.78. The company’s 50-day moving average price is $14.26 and its 200 day moving average price is $14.35. DSP Group has a fifty-two week low of $10.54 and a fifty-two week high of $16.30. The company has a quick ratio of 2.79, a current ratio of 3.19 and a debt-to-equity ratio of 0.07.
DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The firm had revenue of $29.03 million for the quarter, compared to the consensus estimate of $29.00 million. DSP Group had a negative net margin of 1.30% and a positive return on equity of 4.53%. As a group, equities analysts anticipate that DSP Group will post 0.07 EPS for the current year.
About DSP Group
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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