DSP Group, Inc. (NASDAQ:DSPG) Director Yair Seroussi sold 12,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $13.10, for a total value of $157,200.00. Following the sale, the director now directly owns 26,000 shares in the company, valued at approximately $340,600. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of DSP Group, Inc. (NASDAQ DSPG) remained flat at $$13.25 on Thursday. 75,400 shares of the company’s stock traded hands, compared to its average volume of 71,019. DSP Group, Inc. has a 1-year low of $9.80 and a 1-year high of $14.20. The stock has a market cap of $295.78, a PE ratio of 73.61 and a beta of 0.86.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. DSP Group had a positive return on equity of 2.93% and a negative net margin of 1.21%. The firm had revenue of $34.30 million during the quarter, compared to analyst estimates of $34.00 million. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. research analysts expect that DSP Group, Inc. will post -0.05 earnings per share for the current year.

DSP Group announced that its Board of Directors has approved a stock repurchase plan on Monday, August 14th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

DSPG has been the topic of several recent research reports. Zacks Investment Research cut DSP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. TheStreet cut DSP Group from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 target price on shares of DSP Group in a research report on Thursday, November 2nd. Finally, BidaskClub raised DSP Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.60.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of DSP Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,864,252 shares of the semiconductor company’s stock valued at $21,625,000 after purchasing an additional 9,003 shares during the last quarter. Senvest Management LLC lifted its holdings in shares of DSP Group by 0.9% during the 3rd quarter. Senvest Management LLC now owns 1,846,744 shares of the semiconductor company’s stock valued at $24,008,000 after purchasing an additional 15,652 shares during the last quarter. Vanguard Group Inc. raised its stake in DSP Group by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,162,694 shares of the semiconductor company’s stock worth $13,487,000 after acquiring an additional 21,267 shares during the last quarter. Wells Fargo & Company MN raised its stake in DSP Group by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 860,233 shares of the semiconductor company’s stock worth $11,183,000 after acquiring an additional 19,239 shares during the last quarter. Finally, State Street Corp raised its stake in DSP Group by 6.1% in the 2nd quarter. State Street Corp now owns 558,027 shares of the semiconductor company’s stock worth $6,472,000 after acquiring an additional 31,863 shares during the last quarter. Hedge funds and other institutional investors own 74.80% of the company’s stock.

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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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