DSP Group, Inc. (NASDAQ:DSPG) Director Gabi Seligsohn Sells 7,346 Shares

DSP Group, Inc. (NASDAQ:DSPG) Director Gabi Seligsohn sold 7,346 shares of the stock in a transaction on Friday, February 19th. The shares were sold at an average price of $16.55, for a total transaction of $121,576.30.

Gabi Seligsohn also recently made the following trade(s):

  • On Tuesday, February 16th, Gabi Seligsohn sold 12,300 shares of DSP Group stock. The shares were sold at an average price of $17.18, for a total transaction of $211,314.00.
  • On Thursday, February 11th, Gabi Seligsohn sold 12,661 shares of DSP Group stock. The shares were sold at an average price of $17.36, for a total transaction of $219,794.96.

Shares of NASDAQ DSPG opened at $16.37 on Tuesday. The firm has a market cap of $386.28 million, a P/E ratio of -68.21, a price-to-earnings-growth ratio of 4.58 and a beta of 0.96. The business’s 50 day moving average is $16.63 and its 200-day moving average is $15.35. DSP Group, Inc. has a 1-year low of $10.26 and a 1-year high of $18.77.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Thursday, February 4th. The semiconductor company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. DSP Group had a positive return on equity of 2.30% and a negative net margin of 4.93%. On average, research analysts predict that DSP Group, Inc. will post -0.12 earnings per share for the current fiscal year.

A number of brokerages have weighed in on DSPG. Zacks Investment Research downgraded DSP Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Colliers Securities reissued a “buy” rating on shares of DSP Group in a report on Thursday, January 28th. Lake Street Capital raised their price target on DSP Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, December 17th. Finally, Cowen lifted their price objective on shares of DSP Group from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $21.20.

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in shares of DSP Group by 2,180.5% in the third quarter. US Bancorp DE now owns 1,870 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 1,788 shares in the last quarter. Vantage Consulting Group Inc bought a new position in shares of DSP Group in the fourth quarter worth about $68,000. BNP Paribas Arbitrage SA increased its stake in shares of DSP Group by 287.6% in the third quarter. BNP Paribas Arbitrage SA now owns 5,919 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 4,392 shares during the period. Citigroup Inc. increased its stake in shares of DSP Group by 248.5% in the fourth quarter. Citigroup Inc. now owns 5,646 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 4,026 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in shares of DSP Group in the third quarter valued at approximately $133,000. Institutional investors and hedge funds own 84.97% of the company’s stock.

About DSP Group

DSP Group, Inc, a fabless semiconductor company, provides wireless, audio, voice, and AI chipsets for smart-enabled devices. It operates through three segments: Home, Unified Communications, and SmartVoice. The Home segment offers wireless chipset solutions for converged communication at home, including integrated circuits for cordless phones, home gateway devices, integrated circuits addressing home automation applications, and fixed-mobile convergence solutions.

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