DSP Group, Inc. (NASDAQ:DSPG) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.60.

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

Shares of DSP Group (NASDAQ:DSPG) remained flat at $$13.05 during trading on Tuesday. The company’s stock had a trading volume of 33,100 shares, compared to its average volume of 77,778. The firm has a market capitalization of $291.32, a P/E ratio of -163.13, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. DSP Group has a twelve month low of $9.80 and a twelve month high of $14.20.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business 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%. DSP Group’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. research analysts expect that DSP Group will post -0.05 earnings per share for the current fiscal year.

In other news, Director Patrick Tanguy sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $12.80, for a total value of $192,000.00. Following the completion of the sale, the director now owns 31,000 shares of the company’s stock, valued at approximately $396,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Yair Seroussi sold 12,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $13.10, for a total value of $157,200.00. Following the completion of the sale, the director now directly owns 26,000 shares of the company’s stock, valued at approximately $340,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,321 shares of company stock valued at $737,774. 5.18% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC bought a new stake in shares of DSP Group in the 2nd quarter valued at about $117,000. BNP Paribas Arbitrage SA raised its position in DSP Group by 70.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,337 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 4,672 shares during the last quarter. Thrivent Financial For Lutherans raised its position in DSP Group by 20.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,530 shares of the semiconductor company’s stock valued at $157,000 after purchasing an additional 2,280 shares during the last quarter. Voya Investment Management LLC raised its position in DSP Group by 16.1% during the 2nd quarter. Voya Investment Management LLC now owns 15,013 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 2,082 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in DSP Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,520 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 1,688 shares during the last quarter. 74.80% of the stock is owned by institutional investors.

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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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