BidaskClub upgraded shares of DSP Group (NASDAQ:DSPG) from a sell rating to a hold rating in a research report report published on Tuesday.
Several other equities analysts have also issued reports on DSPG. Zacks Investment Research lowered DSP Group from a hold rating to a sell rating in a research note on Tuesday, December 26th. Needham & Company LLC reiterated a buy rating and issued a $15.00 target price on shares of DSP Group in a research note on Wednesday, January 3rd. Finally, Dougherty & Co lifted their target price on DSP Group from $15.00 to $17.00 and gave the company a buy rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. DSP Group presently has an average rating of Buy and an average price target of $14.83.
DSPG opened at $12.55 on Tuesday. DSP Group has a 1 year low of $10.80 and a 1 year high of $13.95. The stock has a market capitalization of $282.98, a price-to-earnings ratio of 73.82, a P/E/G ratio of 5.41 and a beta of 0.78.
DSP Group (NASDAQ:DSPG) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. DSP Group had a positive return on equity of 2.71% and a negative net margin of 2.41%. The company had revenue of $31.20 million for the quarter, compared to analyst estimates of $31.13 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. equities research analysts expect that DSP Group will post 0.23 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of DSPG. Wells Fargo & Company MN boosted its holdings in DSP Group by 2.3% in the third quarter. Wells Fargo & Company MN now owns 860,233 shares of the semiconductor company’s stock worth $11,183,000 after acquiring an additional 19,239 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in DSP Group by 21.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 45,900 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 8,200 shares in the last quarter. SG Americas Securities LLC purchased a new position in DSP Group during the fourth quarter valued at approximately $186,000. Chicago Equity Partners LLC purchased a new position in DSP Group during the fourth quarter valued at approximately $137,000. Finally, Alambic Investment Management L.P. raised 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 valued at $218,000 after acquiring an additional 6,733 shares in the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.
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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