Sensato Investors LLC reduced its holdings in DSP Group, Inc. (NASDAQ:DSPG) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 92,780 shares of the semiconductor company’s stock after selling 73,853 shares during the quarter. Sensato Investors LLC’s holdings in DSP Group were worth $1,160,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in DSP Group by 2.3% during the third quarter. Wells Fargo & Company MN now owns 860,233 shares of the semiconductor company’s stock worth $11,183,000 after buying an additional 19,239 shares in the last quarter. Northern Trust Corp grew its position in DSP Group by 3.5% during the second quarter. Northern Trust Corp now owns 259,261 shares of the semiconductor company’s stock worth $3,007,000 after buying an additional 8,770 shares in the last quarter. Raging Capital Management LLC grew its position in DSP Group by 28.3% during the fourth quarter. Raging Capital Management LLC now owns 2,172,872 shares of the semiconductor company’s stock worth $27,161,000 after buying an additional 478,885 shares in the last quarter. Alambic Investment Management L.P. grew its position in DSP Group by 62.7% during the fourth quarter. Alambic Investment Management L.P. now owns 17,473 shares of the semiconductor company’s stock worth $218,000 after buying an additional 6,733 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in DSP Group during the fourth quarter worth about $186,000. 77.87% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on DSPG shares. Zacks Investment Research raised DSP Group from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. BidaskClub cut shares of DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of DSP Group in a research note on Wednesday, January 3rd. Finally, Dougherty & Co raised their price target on shares of DSP Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.
DSP Group, Inc. (NASDAQ:DSPG) opened at $12.80 on Wednesday. The company has a market cap of $289.08, a PE ratio of 76.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.82. DSP Group, Inc. has a one year low of $9.85 and a one year high of $14.20.
DSP Group (NASDAQ:DSPG) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $31.20 million during the quarter, compared to analysts’ expectations of $31.13 million. DSP Group had a negative net margin of 2.41% and a positive return on equity of 2.71%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. equities analysts forecast that DSP Group, Inc. will post 0.23 earnings per share for the current fiscal year.
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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.
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