DSP Group, Inc. (DSPG) Stake Increased by Alambic Investment Management L.P.

Alambic Investment Management L.P. grew its holdings in shares of DSP Group, Inc. (NASDAQ:DSPG) by 62.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,473 shares of the semiconductor company’s stock after acquiring an additional 6,733 shares during the period. Alambic Investment Management L.P.’s holdings in DSP Group were worth $218,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Chicago Equity Partners LLC acquired a new stake in shares of DSP Group during the fourth quarter valued at about $137,000. BNP Paribas Arbitrage SA grew its stake in shares of DSP Group by 70.1% during the third quarter. BNP Paribas Arbitrage SA now owns 11,337 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 4,672 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of DSP Group by 20.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,530 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 2,280 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of DSP Group by 16.1% during the second quarter. Voya Investment Management LLC now owns 15,013 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 2,082 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of DSP Group during the fourth quarter valued at about $186,000. Institutional investors own 74.89% of the company’s stock.

DSP Group, Inc. (NASDAQ DSPG) opened at $12.30 on Friday. The company has a market capitalization of $279.04, a PE ratio of -82.00, a P/E/G ratio of 3.70 and a beta of 0.77. DSP Group, Inc. has a 52 week low of $9.85 and a 52 week high of $14.20.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $31.20 million during the quarter, compared to the consensus estimate of $31.13 million. DSP Group had a positive return on equity of 2.71% and a negative net margin of 2.41%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. research analysts expect that DSP Group, Inc. will post 0.23 EPS for the current fiscal year.

In other DSP Group news, Director Yair Seroussi sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $13.10, for a total value of $157,200.00. Following the transaction, the director now owns 26,000 shares of the company’s stock, valued at $340,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick Tanguy sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $12.80, for a total transaction of $192,000.00. Following the completion of the transaction, the director now directly owns 31,000 shares in the company, valued at approximately $396,800. The disclosure for this sale can be found here. Insiders sold 31,060 shares of company stock valued at $401,371 over the last quarter. Insiders own 5.18% of the company’s stock.

Several analysts have recently weighed in on DSPG shares. Zacks Investment Research upgraded DSP Group from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub downgraded DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $16.00 price target on shares of DSP Group in a research note on Thursday, November 2nd. TheStreet downgraded DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of DSP Group in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.00.

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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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Institutional Ownership by Quarter for DSP Group (NASDAQ:DSPG)

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