DSP Group (DSPG) Director Patrick Tanguy Sells 16,000 Shares of Stock

DSP Group (NASDAQ:DSPG) Director Patrick Tanguy sold 16,000 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $12.50, for a total value of $200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DSP Group traded down $0.05, reaching $12.65, during midday trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 59,168 shares, compared to its average volume of 42,791. DSP Group has a fifty-two week low of $10.80 and a fifty-two week high of $13.95. The stock has a market cap of $288.66 million, a PE ratio of 74.41, a P/E/G ratio of 5.84 and a beta of 0.78.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings results on Monday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. DSP Group had a positive return on equity of 3.57% and a negative net margin of 1.51%. The company had revenue of $28.11 million for the quarter, compared to analysts’ expectations of $28.00 million. During the same period last year, the firm earned ($0.05) earnings per share. analysts anticipate that DSP Group will post 0.15 earnings per share for the current year.

A number of analysts have weighed in on DSPG shares. Zacks Investment Research upgraded DSP Group from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. BidaskClub upgraded DSP Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Cowen started coverage on DSP Group in a research note on Thursday. They issued an “outperform” rating and a $15.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of DSP Group in a research note on Thursday, February 1st. Finally, Dougherty & Co raised their price target on DSP Group from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.40.

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 4,061 shares during the last quarter. Alambic Investment Management L.P. grew its holdings in shares of 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 purchasing an additional 6,733 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of DSP Group by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 867,157 shares of the semiconductor company’s stock worth $10,839,000 after purchasing an additional 6,924 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of DSP Group by 15.4% during the fourth quarter. Rhumbline Advisers now owns 53,794 shares of the semiconductor company’s stock worth $672,000 after purchasing an additional 7,163 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of 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 worth $574,000 after purchasing an additional 8,200 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

About DSP Group

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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