DSP Group, Inc. (DSPG) Given Average Rating of “Hold” by Brokerages
Shares of DSP Group, Inc. (NASDAQ:DSPG) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $15.00.
A number of brokerages have issued reports on DSPG. Dougherty & Co raised their price objective on shares of DSP Group from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of DSP Group in a research note on Thursday, February 1st. Zacks Investment Research raised shares of DSP Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd. TheStreet cut shares of DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 price objective on shares of DSP Group in a research note on Thursday, November 2nd.
In other DSP Group news, CFO Dror Levy sold 4,060 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $12.85, for a total value of $52,171.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patrick Tanguy sold 15,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 31,000 shares in the company, valued at $396,800. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,060 shares of company stock worth $401,371. Company insiders own 5.18% of the company’s stock.
DSP Group (DSPG) traded up $0.30 on Friday, hitting $12.30. 75,542 shares of the stock traded hands, compared to its average volume of 53,782. DSP Group has a twelve month low of $9.85 and a twelve month high of $14.20. The company has a market capitalization of $267.88, a PE ratio of -82.00, a P/E/G ratio of 3.56 and a beta of 0.77.
DSP Group (NASDAQ:DSPG) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. DSP Group had a negative net margin of 2.41% and a positive return on equity of 2.71%. The business had revenue of $31.20 million for the quarter, compared to analysts’ expectations of $31.13 million. During the same period in the prior year, the firm earned $0.13 earnings per share. DSP Group’s revenue was down 11.6% compared to the same quarter last year. research analysts anticipate that DSP Group will post 0.23 EPS for the current fiscal year.
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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.
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