DSP Group, Inc. (NASDAQ:DSPG) has received a consensus recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.33.
A number of brokerages recently issued reports on DSPG. Needham & Company LLC set a $18.00 price target on shares of DSP Group and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Cowen reiterated an “outperform” rating and issued a $17.00 price target (up previously from $15.00) on shares of DSP Group in a research note on Tuesday, May 7th. Zacks Investment Research downgraded shares of DSP Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Dougherty & Co reiterated a “buy” rating and issued a $20.00 price target (up previously from $16.00) on shares of DSP Group in a research note on Tuesday, May 7th. Finally, BidaskClub upgraded shares of DSP Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd.
Shares of NASDAQ DSPG remained flat at $$14.21 during midday trading on Thursday. 86,828 shares of the stock traded hands, compared to its average volume of 151,133. DSP Group has a twelve month low of $10.15 and a twelve month high of $16.30. The company’s 50-day moving average price is $14.62 and its two-hundred day moving average price is $14.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.19 and a quick ratio of 2.79. The stock has a market capitalization of $331.22 million, a price-to-earnings ratio of 61.78, a price-to-earnings-growth ratio of 13.14 and a beta of 0.72.
In related news, CFO Dror Levy sold 17,829 shares of DSP Group stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $15.56, for a total value of $277,419.24. Following the completion of the transaction, the chief financial officer now owns 201,000 shares in the company, valued at $3,127,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in DSPG. Quantamental Technologies LLC increased its stake in DSP Group by 111.1% in the 2nd quarter. Quantamental Technologies LLC now owns 2,516 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 1,324 shares during the period. Bank of Montreal Can increased its stake in DSP Group by 473.6% in the 2nd quarter. Bank of Montreal Can now owns 4,107 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 3,391 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in DSP Group in the 4th quarter valued at $72,000. Laurion Capital Management LP acquired a new position in DSP Group in the 2nd quarter valued at $144,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in DSP Group in the 2nd quarter valued at $172,000. 82.04% of the stock is currently owned by institutional investors.
About DSP Group
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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