DSP Group (NASDAQ:DSPG) Rating Lowered to Sell at BidaskClub

DSP Group (NASDAQ:DSPG) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, July 6th, BidAskClub reports.

DSPG has been the topic of several other research reports. Cowen reaffirmed a “hold” rating and issued a $353.00 target price on shares of Regeneron Pharmaceuticals in a report on Tuesday, May 7th. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Dougherty & Co assumed coverage on shares of Catasys in a research report on Tuesday, May 7th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. DSP Group presently has an average rating of “Buy” and an average price target of $17.25.

Shares of DSP Group stock opened at $14.47 on Friday. The business has a fifty day moving average price of $14.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.36 and a quick ratio of 2.93. DSP Group has a 1-year low of $10.15 and a 1-year high of $15.67. The firm has a market capitalization of $328.69 million, a PE ratio of 53.59, a price-to-earnings-growth ratio of 7.62 and a beta of 0.70.

DSP Group (NASDAQ:DSPG) last announced its earnings results on Monday, May 6th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $28.28 million for the quarter, compared to analyst estimates of $29.10 million. DSP Group had a negative net margin of 1.08% and a positive return on equity of 4.48%. On average, equities research analysts anticipate that DSP Group will post 0.13 EPS for the current year.

Several hedge funds have recently made changes to their positions in DSPG. JPMorgan Chase & Co. increased its stake in DSP Group by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 107,694 shares of the semiconductor company’s stock worth $1,282,000 after purchasing an additional 21,787 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in DSP Group during the 4th quarter worth approximately $82,000. BlackRock Inc. increased its stake in DSP Group by 1.0% during the 4th quarter. BlackRock Inc. now owns 2,060,186 shares of the semiconductor company’s stock worth $23,075,000 after purchasing an additional 21,198 shares in the last quarter. Van ECK Associates Corp increased its stake in DSP Group by 17.0% during the 4th quarter. Van ECK Associates Corp now owns 8,349 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 1,212 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in DSP Group by 50.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 28,407 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 9,523 shares in the last quarter. 79.11% of the stock is owned by institutional investors.

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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