Needham & Company LLC restated their buy rating on shares of DSP Group (NASDAQ:DSPG) in a report released on Thursday morning, TipRanks reports. The firm currently has a $20.00 target price on the semiconductor company’s stock.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded DSP Group from a sell rating to a hold rating in a research note on Tuesday, July 7th. BidaskClub lowered DSP Group from a sell rating to a strong sell rating in a research note on Wednesday, July 15th. ValuEngine lowered DSP Group from a buy rating to a hold rating in a research note on Friday, May 1st. Finally, Roth Capital raised their target price on DSP Group from $20.00 to $25.00 and gave the company a buy rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $19.50.

DSP Group stock traded down $0.29 during mid-day trading on Thursday, hitting $14.85. 386,722 shares of the company were exchanged, compared to its average volume of 130,529. The company has a quick ratio of 3.79, a current ratio of 4.03 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $15.91 and a 200 day moving average of $15.41. DSP Group has a 1-year low of $10.26 and a 1-year high of $18.77. The company has a market capitalization of $344.64 million, a PE ratio of 82.50, a price-to-earnings-growth ratio of 8.49 and a beta of 0.88.

DSP Group (NASDAQ:DSPG) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.06. DSP Group had a positive return on equity of 3.10% and a negative net margin of 2.69%. The company had revenue of $28.34 million during the quarter, compared to analyst estimates of $28.00 million. Research analysts expect that DSP Group will post 0.12 earnings per share for the current year.

In other news, Director Yair Seroussi sold 18,000 shares of DSP Group stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $17.16, for a total transaction of $308,880.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Dror Levy sold 30,807 shares of DSP Group stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $16.28, for a total value of $501,537.96. The disclosure for this sale can be found here. Insiders have sold a total of 126,404 shares of company stock worth $2,209,492 in the last quarter. 8.05% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its position in DSP Group by 7.8% in the 2nd quarter. Comerica Bank now owns 24,062 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 1,743 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in DSP Group in the 2nd quarter valued at approximately $80,000. Mesirow Financial Investment Management Inc. acquired a new stake in DSP Group in the 2nd quarter valued at approximately $247,000. Oregon Public Employees Retirement Fund raised its position in DSP Group by 22.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,428 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 1,750 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in DSP Group by 19.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 170,701 shares of the semiconductor company’s stock valued at $2,711,000 after buying an additional 27,201 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About DSP Group

DSP Group, Inc, a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications. 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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