Zacks Investment Research upgraded shares of DSP Group (NASDAQ:DSPG) from a hold rating to a buy rating in a report published on Thursday, Zacks.com reports. Zacks Investment Research currently has $17.00 price target on the semiconductor company’s stock.
According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “
Other research analysts have also recently issued research reports about the stock. Cowen reiterated a hold rating and set a $353.00 price target on shares of Regeneron Pharmaceuticals in a research note on Tuesday, May 7th. BidaskClub cut shares of Zebra Technologies from a buy rating to a hold rating in a research note on Tuesday, July 16th. Finally, Dougherty & Co initiated coverage on shares of Catasys in a research note on Tuesday, May 7th. They set a buy rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $17.25.
Shares of DSPG opened at $15.05 on Thursday. The company has a market capitalization of $341.86 million, a P/E ratio of 65.43, a P/E/G ratio of 7.92 and a beta of 0.70. The company has a quick ratio of 2.93, a current ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average price is $14.19. DSP Group has a twelve month low of $10.15 and a twelve month high of $15.67.
DSP Group (NASDAQ:DSPG) last announced its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The company had revenue of $28.28 million during the quarter, compared to the consensus estimate of $29.10 million. DSP Group had a negative net margin of 1.08% and a positive return on equity of 4.48%. As a group, equities analysts predict that DSP Group will post 0.13 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DSPG. Municipal Employees Retirement System of Michigan bought a new stake in DSP Group in the 4th quarter valued at $72,000. Group One Trading L.P. bought a new stake in DSP Group in the 1st quarter valued at $176,000. Delek Group Ltd. bought a new stake in DSP Group in the 1st quarter valued at $272,000. Great West Life Assurance Co. Can increased its holdings in DSP Group by 50.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 28,407 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 9,523 shares during the last quarter. Finally, Worth Venture Partners LLC increased its holdings in DSP Group by 5.5% in the 4th quarter. Worth Venture Partners LLC now owns 31,389 shares of the semiconductor company’s stock valued at $351,000 after acquiring an additional 1,640 shares during the last quarter. Institutional investors own 75.60% 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. 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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