DSP Group (NASDAQ:DSPG) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of DSP Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of DSP Group in a report on Friday, June 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.40.

Shares of DSPG opened at $11.50 on Friday. DSP Group has a 12 month low of $11.14 and a 12 month high of $13.95. The firm has a market cap of $267.02 million, a P/E ratio of 67.65, a price-to-earnings-growth 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 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $30.65 million during the quarter, compared to analysts’ expectations of $31.00 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. Analysts forecast that DSP Group will post 0.12 EPS for the current fiscal year.

In other DSP Group news, Director Cynthia Paul bought 12,309 shares of DSP Group stock in a transaction that occurred on Friday, October 12th. The stock was acquired at an average price of $11.28 per share, for a total transaction of $138,845.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 23,405 shares of company stock valued at $266,004 in the last 90 days. 5.25% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in DSP Group by 5.0% during the second quarter. Wells Fargo & Company MN now owns 909,354 shares of the semiconductor company’s stock worth $11,321,000 after acquiring an additional 43,304 shares in the last quarter. LMR Partners LLP bought a new stake in DSP Group during the second quarter worth $942,000. BlackRock Inc. raised its position in DSP Group by 3.1% during the first quarter. BlackRock Inc. now owns 3,021,776 shares of the semiconductor company’s stock worth $35,658,000 after acquiring an additional 91,384 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in DSP Group during the first quarter worth $125,000. Finally, Principal Financial Group Inc. raised its position in DSP Group by 2.4% during the first quarter. Principal Financial Group Inc. now owns 171,103 shares of the semiconductor company’s stock worth $2,019,000 after acquiring an additional 4,061 shares in the last quarter. 79.52% of the stock is currently owned by hedge funds and other institutional investors.

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.

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