DSP Group, Inc. (NASDAQ:DSPG) Director Thomas A. Lacey acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost of $11.40 per share, with a total value of $45,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of DSP Group stock opened at $12.04 on Friday. DSP Group, Inc. has a 12 month low of $10.15 and a 12 month high of $13.45. The company has a market cap of $257.48 million, a P/E ratio of 70.82 and a beta of 0.67.
DSP Group (NASDAQ:DSPG) last announced its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. DSP Group had a positive return on equity of 3.96% and a negative net margin of 1.44%. The company had revenue of $32.62 million during the quarter, compared to analyst estimates of $33.00 million. On average, equities analysts anticipate that DSP Group, Inc. will post -0.06 EPS for the current year.
A number of equities analysts have recently weighed in on DSPG shares. Zacks Investment Research lowered DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. BidaskClub lowered DSP Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 4th. Finally, ValuEngine raised DSP Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. DSP Group currently has a consensus rating of “Buy” and an average target price of $15.25.
About DSP Group
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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