Investment Analysts’ Recent Ratings Changes for DSP Group (DSPG)

Several analysts have recently updated their ratings and price targets for DSP Group (NASDAQ: DSPG):

  • 9/25/2019 – DSP Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/25/2019 – DSP Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/19/2019 – DSP Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/16/2019 – DSP Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/4/2019 – DSP Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/30/2019 – DSP Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

NASDAQ DSPG traded down $0.08 during trading hours on Monday, reaching $13.83. 74,000 shares of the company traded hands, compared to its average volume of 129,409. DSP Group, Inc. has a 12 month low of $10.15 and a 12 month high of $16.30. The company has a current ratio of 3.19, a quick ratio of 2.79 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $313.80 million, a PE ratio of 60.13, a PEG ratio of 12.45 and a beta of 0.78. The company has a 50 day moving average of $14.09 and a two-hundred day moving average of $14.34.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. DSP Group had a negative net margin of 1.30% and a positive return on equity of 4.53%. The company had revenue of $29.03 million for the quarter, compared to the consensus estimate of $29.00 million. On average, equities research analysts anticipate that DSP Group, Inc. will post 0.07 earnings per share for the current year.

In other news, CFO Dror Levy sold 17,171 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $14.69, for a total value of $252,241.99. Following the transaction, the chief financial officer now directly owns 188,171 shares in the company, valued at approximately $2,764,231.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of DSP Group by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,143,494 shares of the semiconductor company’s stock worth $16,421,000 after buying an additional 41,200 shares during the last quarter. Heartland Advisors Inc. lifted its position in shares of DSP Group by 2,729.4% in the 2nd quarter. Heartland Advisors Inc. now owns 293,970 shares of the semiconductor company’s stock worth $4,221,000 after buying an additional 283,580 shares during the last quarter. First Trust Advisors LP bought a new position in shares of DSP Group in the 2nd quarter worth about $420,000. Algert Global LLC bought a new position in shares of DSP Group in the 2nd quarter worth about $308,000. Finally, Strs Ohio bought a new position in shares of DSP Group in the 2nd quarter worth about $575,000. Institutional investors own 78.45% of the company’s stock.

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.

Featured Story: What are the benefits of a portfolio tracker?

Receive News & Ratings for DSP Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSP Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.