DSP Group (DSPG) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of DSP Group (NASDAQ:DSPG) from a sell rating to a hold rating in a report issued on Tuesday morning.

A number of other research firms have also weighed in on DSPG. Zacks Investment Research upgraded DSP Group from a sell rating to a hold rating in a report on Tuesday, January 2nd. Needham & Company LLC restated a buy rating and issued a $15.00 target price on shares of DSP Group in a report on Wednesday, January 3rd. Finally, Dougherty & Co raised their target price on DSP Group from $15.00 to $17.00 and gave the company a buy rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. DSP Group has an average rating of Buy and an average target price of $14.83.

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Shares of NASDAQ:DSPG opened at $12.35 on Tuesday. The company has a market capitalization of $285.25, a price-to-earnings ratio of 73.82, a PEG ratio of 5.46 and a beta of 0.78. DSP Group has a 52-week low of $10.80 and a 52-week high of $13.95.



DSP Group (NASDAQ:DSPG) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $31.20 million for the quarter, compared to analyst estimates of $31.13 million. DSP Group had a positive return on equity of 2.71% and a negative net margin of 2.41%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. equities analysts expect that DSP Group will post 0.23 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raging Capital Management LLC increased its position in shares of 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 valued at $27,161,000 after acquiring an additional 478,885 shares during the last quarter. Wells Fargo & Company MN increased its position in DSP Group by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 867,157 shares of the semiconductor company’s stock worth $10,839,000 after buying an additional 6,924 shares during the last quarter. Renaissance Technologies LLC increased its position in DSP Group by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 798,726 shares of the semiconductor company’s stock worth $9,984,000 after buying an additional 18,168 shares during the last quarter. Meitav Dash Investments Ltd. purchased a new stake in DSP Group in the fourth quarter worth $4,102,000. Finally, Kennedy Capital Management Inc. increased its position in DSP Group by 281.8% in the fourth quarter. Kennedy Capital Management Inc. now owns 153,270 shares of the semiconductor company’s stock worth $1,916,000 after buying an additional 113,123 shares during the last quarter. 76.50% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for DSP Group (NASDAQ:DSPG)

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