DSP Group (NASDAQ:DSPG) had its price target boosted by stock analysts at Dougherty & Co from $15.00 to $17.00 in a research report issued to clients and investors on Thursday, February 8th, Marketbeat Ratings reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Dougherty & Co’s target price would indicate a potential upside of 38.21% from the stock’s current price. Dougherty & Co also issued estimates for DSP Group’s Q1 2018 earnings at ($0.02) EPS and FY2018 earnings at $0.23 EPS.
Several other brokerages have also issued reports on DSPG. Canaccord Genuity reissued a “buy” rating and issued a $16.00 price target on shares of DSP Group in a research note on Thursday, November 2nd. Zacks Investment Research raised DSP Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of DSP Group in a research note on Thursday, February 1st. TheStreet lowered DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, BidaskClub lowered DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.00.
DSP Group (DSPG) traded up $0.20 during trading on Thursday, hitting $12.30. The company had a trading volume of 42,800 shares, compared to its average volume of 61,684. The firm has a market capitalization of $270.11, a price-to-earnings ratio of 71.18, a P/E/G ratio of 5.26 and a beta of 0.77. DSP Group has a one year low of $9.85 and a one year high of $14.20.
In other news, Director Yair Seroussi sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $13.10, for a total transaction of $157,200.00. Following the completion of the sale, the director now owns 26,000 shares in the company, valued at $340,600. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick Tanguy sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $12.80, for a total value of $192,000.00. Following the sale, the director now owns 31,000 shares of the company’s stock, valued at approximately $396,800. The disclosure for this sale can be found here. Insiders own 5.18% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC bought a new stake in DSP Group during the fourth quarter worth $137,000. BNP Paribas Arbitrage SA grew its holdings in DSP Group by 70.1% during the third quarter. BNP Paribas Arbitrage SA now owns 11,337 shares of the semiconductor company’s stock worth $147,000 after buying an additional 4,672 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in DSP Group by 20.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,530 shares of the semiconductor company’s stock worth $157,000 after buying an additional 2,280 shares in the last quarter. SG Americas Securities LLC bought a new stake in DSP Group during the fourth quarter worth $186,000. Finally, Voya Investment Management LLC grew its holdings in DSP Group by 16.1% during the second quarter. Voya Investment Management LLC now owns 15,013 shares of the semiconductor company’s stock worth $174,000 after buying an additional 2,082 shares in the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.
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DSP Group Company Profile
DSP Group, Inc is a global provider of wireless and audio chipset solutions for converged communications. Delivering semiconductor system solutions with software and hardware reference designs, the Company enables original equipment manufacturers, original design manufacturers, consumer electronics manufacturers and service providers to develop new products.
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