DSP Group, Inc. (DSPG) Given Average Recommendation of “Hold” by Analysts

DSP Group, Inc. (NASDAQ:DSPG) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.00.

Several research analysts recently issued reports on DSPG shares. Canaccord Genuity reissued a “buy” rating and issued a $16.00 price target on shares of DSP Group in a research report on Thursday, November 2nd. Dougherty & Co increased their price target on shares of DSP Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of DSP Group in a research report on Thursday, February 1st. TheStreet lowered shares of DSP Group from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of DSP Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd.

Shares of DSP Group (NASDAQ:DSPG) traded up $0.30 on Friday, hitting $12.30. 75,542 shares of the stock were exchanged, compared to its average volume of 53,782. The firm has a market capitalization of $267.88, a price-to-earnings ratio of -82.00, a P/E/G ratio of 3.56 and a beta of 0.77. DSP Group has a 1-year low of $9.85 and a 1-year high of $14.20.

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

In other news, CFO Dror Levy sold 4,060 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $12.85, for a total transaction of $52,171.00. The transaction was disclosed in a document filed 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 that occurred on Wednesday, December 13th. The stock was sold at an average price of $12.80, for a total transaction of $192,000.00. Following the sale, the director now directly owns 31,000 shares of the company’s stock, valued at approximately $396,800. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,060 shares of company stock valued at $401,371. Company insiders own 5.18% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DSPG. State Street Corp increased its holdings in shares of DSP Group by 6.1% during the second quarter. State Street Corp now owns 558,027 shares of the semiconductor company’s stock worth $6,472,000 after buying an additional 31,863 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of DSP Group by 225.8% during the fourth quarter. Arizona State Retirement System now owns 37,520 shares of the semiconductor company’s stock worth $469,000 after buying an additional 26,005 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of DSP Group by 21.3% during the second quarter. Ameriprise Financial Inc. now owns 137,761 shares of the semiconductor company’s stock worth $1,598,000 after buying an additional 24,182 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of DSP Group by 1.9% during the second quarter. Vanguard Group Inc. now owns 1,162,694 shares of the semiconductor company’s stock worth $13,487,000 after buying an additional 21,267 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of 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 buying an additional 19,239 shares in the last quarter. 74.89% of the stock is owned by institutional investors.

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DSP Group Company Profile

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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