DSP Group, Inc. (NASDAQ:DSPG) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect DSP Group to post earnings of $0.09 per share for the quarter.
DSP Group, Inc. (NASDAQ DSPG) opened at 13.40 on Wednesday. DSP Group, Inc. has a 52-week low of $9.80 and a 52-week high of $14.20. The company’s 50 day moving average price is $13.17 and its 200 day moving average price is $12.35. The firm has a market cap of $298.14 million, a PE ratio of 103.08 and a beta of 0.92.
DSP Group announced that its Board of Directors has initiated a stock buyback plan on Monday, August 14th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
DSPG has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on shares of DSP Group from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. BidaskClub upgraded shares of DSP Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded shares of DSP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.20.
About DSP Group
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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