Cynthia Paul Acquires 9,795 Shares of DSP Group, Inc. (DSPG) Stock

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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.

DSP Group (NASDAQ:DSPG) last released its quarterly earnings data on Monday, July 30th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $30.65 million for the quarter, compared to the consensus estimate of $31.00 million. DSP Group had a negative net margin of 1.28% and a positive return on equity of 3.71%. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, analysts forecast that DSP Group, Inc. will post 0.12 EPS for the current year.

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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