DSP Group (NASDAQ:DSPG) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
Other research analysts also recently issued reports about the stock. Dougherty & Co increased their price target on shares of DSP Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of DSP Group in a research report on Thursday, February 1st. Finally, Zacks Investment Research upgraded shares of DSP Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.83.
Shares of DSP Group stock opened at $12.45 on Wednesday. The company has a market cap of $274.98, a P/E ratio of 73.24, a P/E/G ratio of 5.26 and a beta of 0.78. DSP Group has a twelve month low of $10.80 and a twelve month high of $13.95.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meitav Dash Investments Ltd. bought a new position in DSP Group in the fourth quarter worth approximately $4,102,000. MetLife Investment Advisors LLC bought a new position in DSP Group in the fourth quarter worth approximately $141,000. Stone Ridge Asset Management LLC bought a new position in DSP Group in the fourth quarter worth approximately $556,000. Deutsche Bank AG raised its position in DSP Group by 48.5% in the fourth quarter. Deutsche Bank AG now owns 145,806 shares of the semiconductor company’s stock worth $1,820,000 after acquiring an additional 47,631 shares during the period. Finally, Raging Capital Management LLC raised its position in DSP Group by 28.3% in the fourth quarter. Raging Capital Management LLC now owns 2,172,872 shares of the semiconductor company’s stock worth $27,161,000 after acquiring an additional 478,885 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.
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.
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