DSP Group (DSPG) Upgraded to “Hold” at BidaskClub
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.
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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