DSP Group, Inc. (DSPG) Receives Consensus Rating of “Hold” from Analysts

DSP Group, Inc. (NASDAQ:DSPG) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.60.

DSPG has been the topic of several analyst reports. Canaccord Genuity reissued a “buy” rating and set a $16.00 target price on shares of DSP Group in a report on Thursday, November 2nd. Zacks Investment Research lowered DSP Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. TheStreet lowered DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. BidaskClub lowered DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of DSP Group in a research note on Wednesday, January 3rd.

In other news, CEO Ofer Elyakim sold 26,261 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $12.81, for a total transaction of $336,403.41. Following the completion of the transaction, the chief executive officer now directly owns 573,252 shares in the company, valued at $7,343,358.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dror Levy sold 4,060 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $12.85, for a total value of $52,171.00. The disclosure for this sale can be found here. Insiders sold 57,321 shares of company stock worth $737,774 over the last ninety days. 5.18% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of DSPG. Senvest Management LLC grew its stake in DSP Group by 0.9% during the third quarter. Senvest Management LLC now owns 1,846,744 shares of the semiconductor company’s stock worth $24,008,000 after purchasing an additional 15,652 shares during the period. Wells Fargo & Company MN grew its stake in DSP Group by 2.3% during the third quarter. Wells Fargo & Company MN now owns 860,233 shares of the semiconductor company’s stock worth $11,183,000 after purchasing an additional 19,239 shares during the period. BNP Paribas Arbitrage SA grew its stake in DSP Group by 70.1% during the third quarter. BNP Paribas Arbitrage SA now owns 11,337 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 4,672 shares during the period. The Manufacturers Life Insurance Company grew its stake in DSP Group by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 20,520 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 1,688 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in DSP Group by 21.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 81,491 shares of the semiconductor company’s stock valued at $945,000 after acquiring an additional 14,300 shares during the period. Institutional investors own 74.80% of the company’s stock.

Shares of DSP Group (NASDAQ:DSPG) remained flat at $$13.05 during midday trading on Tuesday. 33,100 shares of the company’s stock were exchanged, compared to its average volume of 77,778. DSP Group has a 12-month low of $9.80 and a 12-month high of $14.20. The stock has a market capitalization of $291.32, a price-to-earnings ratio of -163.13, a price-to-earnings-growth ratio of 3.11 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 analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $34.30 million for the quarter, compared to analyst estimates of $34.00 million. DSP Group had a positive return on equity of 2.93% and a negative net margin of 1.21%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. sell-side analysts anticipate that DSP Group will post -0.05 earnings per share for the current year.

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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.

Analyst Recommendations for DSP Group (NASDAQ:DSPG)

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