Other analysts also recently issued research reports about the company. Needham & Company LLC set a $18.00 target price on DSP Group and gave the company a buy rating in a research note on Wednesday, July 31st. Zacks Investment Research downgraded DSP Group from a buy rating to a hold rating in a research note on Monday, July 29th. Finally, BidaskClub downgraded DSP Group from a buy rating to a hold rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $18.25.
Shares of DSPG opened at $14.68 on Monday. The business’s 50 day moving average is $14.22 and its 200 day moving average is $14.31. The company has a market capitalization of $341.54 million, a PE ratio of 55.19, a price-to-earnings-growth ratio of 13.55 and a beta of 0.78. DSP Group 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.
In other DSP Group news, CFO Dror Levy sold 17,829 shares of DSP Group stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $15.56, for a total value of $277,419.24. Following the sale, the chief financial officer now owns 201,000 shares of the company’s stock, valued at approximately $3,127,560. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its stake in DSP Group by 128.0% in the 2nd quarter. Citadel Advisors LLC now owns 25,348 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 14,232 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of DSP Group in the 2nd quarter worth approximately $194,000. Jefferies Group LLC purchased a new position in shares of DSP Group in the 2nd quarter worth approximately $363,000. Bank of America Corp DE boosted its holdings in shares of DSP Group by 47.7% in the 2nd quarter. Bank of America Corp DE now owns 45,982 shares of the semiconductor company’s stock worth $660,000 after purchasing an additional 14,850 shares during the period. Finally, Algert Global LLC purchased a new position in shares of DSP Group in the 2nd quarter worth approximately $308,000. 78.45% of the stock is currently owned by institutional investors and hedge funds.
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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