Analysts Set DSP Group, Inc. (NASDAQ:DSPG) PT at $19.00

DSP Group, Inc. (NASDAQ:DSPG) has been given an average recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.00.

DSPG has been the topic of a number of research reports. BidaskClub upgraded shares of DSP Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 11th. Zacks Investment Research lowered shares of DSP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. ValuEngine lowered shares of DSP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Cowen increased their target price on shares of DSP Group from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th.

DSPG traded down $0.02 on Friday, reaching $15.89. The company had a trading volume of 109,060 shares, compared to its average volume of 94,823. DSP Group has a fifty-two week low of $11.91 and a fifty-two week high of $16.30. The stock has a market cap of $366.00 million, a P/E ratio of -264.79, a P/E/G ratio of 3.31 and a beta of 0.74. The company’s fifty day moving average is $15.36 and its 200 day moving average is $14.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.11 and a current ratio of 3.47.

DSP Group (NASDAQ:DSPG) last announced its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. DSP Group had a negative net margin of 1.24% and a positive return on equity of 4.40%. The business had revenue of $31.04 million for the quarter, compared to analyst estimates of $31.00 million. On average, sell-side analysts expect that DSP Group will post 0.03 EPS for the current year.

In other DSP Group news, Director Yair Seroussi sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $15.15, for a total transaction of $227,250.00. Following the transaction, the director now owns 41,712 shares in the company, valued at approximately $631,936.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dror Levy sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $15.42, for a total transaction of $385,500.00. Following the transaction, the chief financial officer now owns 156,000 shares in the company, valued at approximately $2,405,520. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Several large investors have recently made changes to their positions in DSPG. JPMorgan Chase & Co. boosted its position in shares of DSP Group by 379.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 22,498 shares of the semiconductor company’s stock worth $322,000 after acquiring an additional 17,803 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of DSP Group by 5.0% during the 2nd quarter. Prudential Financial Inc. now owns 31,625 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 1,520 shares in the last quarter. Bank of Montreal Can boosted its position in shares of DSP Group by 473.6% during the 2nd quarter. Bank of Montreal Can now owns 4,107 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 3,391 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of DSP Group during the 2nd quarter worth approximately $741,000. Finally, Quantamental Technologies LLC boosted its position in shares of DSP Group by 111.1% during the 2nd quarter. Quantamental Technologies LLC now owns 2,516 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 80.59% 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. 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.

Further Reading: Derivative

Receive News & Ratings for DSP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSP Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit