DSP Group, Inc. (DSPG) Director Cynthia Paul Acquires 9,795 Shares

DSP Group, Inc. (NASDAQ:DSPG) Director Cynthia Paul bought 9,795 shares of the firm’s stock in a transaction on Wednesday, October 10th. The stock was purchased at an average price of $11.45 per share, with a total value of $112,152.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cynthia Paul also recently made the following trade(s):

  • On Friday, October 12th, Cynthia Paul bought 12,309 shares of DSP Group stock. The stock was purchased at an average price of $11.28 per share, with a total value of $138,845.52.
  • On Monday, October 8th, Cynthia Paul bought 205 shares of DSP Group stock. The stock was purchased at an average price of $11.45 per share, with a total value of $2,347.25.
  • On Monday, September 17th, Cynthia Paul bought 1,096 shares of DSP Group stock. The stock was purchased at an average price of $11.55 per share, with a total value of $12,658.80.

DSPG stock opened at $11.50 on Friday. The company has a market cap of $267.02 million, a P/E ratio of 67.65, a P/E/G ratio of 6.90 and a beta of 0.82. DSP Group, Inc. has a 52 week low of $11.14 and a 52 week high of $13.95.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings results on Monday, July 30th. The semiconductor company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $30.65 million during the quarter, compared to analysts’ expectations of $31.00 million. DSP Group had a negative net margin of 1.28% and a positive return on equity of 3.71%. During the same period last year, the company posted $0.06 earnings per share. Analysts anticipate that DSP Group, Inc. will post 0.12 EPS for the current year.

Several research analysts have commented on the stock. BidaskClub upgraded shares of DSP Group from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of DSP Group in a report on Friday, June 29th. Finally, Zacks Investment Research upgraded shares of DSP Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $15.40.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of 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 purchasing an additional 91,384 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of DSP Group by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,870,778 shares of the semiconductor company’s stock worth $22,075,000 after purchasing an additional 18,892 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of DSP Group by 24.1% during the second quarter. Renaissance Technologies LLC now owns 963,794 shares of the semiconductor company’s stock worth $11,999,000 after purchasing an additional 186,894 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of 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 purchasing an additional 43,304 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of DSP Group during the second quarter worth approximately $5,198,000. Institutional investors and hedge funds own 79.52% of the company’s stock.

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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