DSP Group, Inc. (NASDAQ:DSPG) Director Cynthia Paul purchased 9,795 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average price of $11.45 per share, for a total transaction of $112,152.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Cynthia Paul also recently made the following trade(s):
- On Friday, October 12th, Cynthia Paul purchased 12,309 shares of DSP Group stock. The shares were purchased at an average price of $11.28 per share, for a total transaction of $138,845.52.
- On Monday, October 8th, Cynthia Paul purchased 205 shares of DSP Group stock. The shares were purchased at an average price of $11.45 per share, for a total transaction of $2,347.25.
- On Monday, September 17th, Cynthia Paul acquired 1,096 shares of DSP Group stock. The shares were bought at an average cost of $11.55 per share, for a total transaction of $12,658.80.
DSPG stock opened at $11.50 on Friday. The stock has a market cap of $267.02 million, a P/E ratio of 67.65, a P/E/G ratio of 6.90 and a beta of 0.82. DSP Group, Inc. has a 52 week low of $11.14 and a 52 week high of $13.95.
Hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System purchased a new stake in DSP Group during the second quarter worth about $127,000. A.R.T. Advisors LLC purchased a new stake in shares of DSP Group in the first quarter valued at about $125,000. Algert Global LLC purchased a new stake in shares of DSP Group in the second quarter valued at about $149,000. Engineers Gate Manager LP purchased a new stake in shares of DSP Group in the second quarter valued at about $167,000. Finally, Trexquant Investment LP purchased a new stake in shares of DSP Group in the second quarter valued at about $207,000. 79.52% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on the stock. BidaskClub downgraded shares of DSP Group from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Zacks Investment Research raised shares of DSP Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of DSP Group in a report on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.40.
DSP Group Company Profile
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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