Insider Buying: DSP Group, Inc. (DSPG) Director Buys 12,309 Shares of Stock

DSP Group, Inc. (NASDAQ:DSPG) Director Cynthia Paul purchased 12,309 shares of the stock in a transaction on Friday, October 12th. The stock was bought at an average cost of $11.28 per share, for a total transaction of $138,845.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cynthia Paul also recently made the following trade(s):

  • On Wednesday, October 10th, Cynthia Paul purchased 9,795 shares of DSP Group stock. The stock was bought at an average cost of $11.45 per share, for a total transaction of $112,152.75.
  • On Monday, October 8th, Cynthia Paul purchased 205 shares of DSP Group stock. The stock was bought at an average cost of $11.45 per share, for a total transaction of $2,347.25.
  • On Monday, September 17th, Cynthia Paul purchased 1,096 shares of DSP Group stock. The stock was bought at an average cost of $11.55 per share, for a total transaction of $12,658.80.

Shares of NASDAQ:DSPG traded up $0.35 on Friday, reaching $11.50. 54,400 shares of the company’s stock were exchanged, compared to its average volume of 86,165. DSP Group, Inc. has a twelve month low of $11.14 and a twelve month high of $13.95. The firm has a market cap of $267.02 million, a PE ratio of 67.65, a PEG ratio of 6.90 and a beta of 0.82.

DSP Group (NASDAQ:DSPG) last announced its earnings results on Monday, July 30th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. DSP Group had a negative net margin of 1.28% and a positive return on equity of 3.71%. The firm had revenue of $30.65 million for the quarter, compared to analyst estimates of $31.00 million. During the same quarter in the prior year, the business posted $0.06 EPS. Analysts forecast that DSP Group, Inc. will post 0.12 earnings per share for the current fiscal year.

Several research firms have weighed in on DSPG. BidaskClub cut shares of DSP Group from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded shares of DSP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of DSP Group in a research report on Friday, June 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.40.

Several large investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its position in shares of DSP Group by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 171,103 shares of the semiconductor company’s stock worth $2,019,000 after purchasing an additional 4,061 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of DSP Group during the 2nd quarter worth approximately $127,000. A.R.T. Advisors LLC acquired a new stake in shares of DSP Group during the 1st quarter worth approximately $125,000. JPMorgan Chase & Co. boosted its position in shares of DSP Group by 188.0% during the 1st quarter. JPMorgan Chase & Co. now owns 17,617 shares of the semiconductor company’s stock worth $208,000 after acquiring an additional 11,500 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of DSP Group during the 2nd quarter worth approximately $149,000. Hedge funds and other institutional investors own 79.52% 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 worldwide. 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: NASDAQ

Insider Buying and Selling by Quarter for DSP Group (NASDAQ:DSPG)

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