DSP Group, Inc. (NASDAQ:DSPG) Receives Consensus Rating of “Buy” from Analysts

Shares of DSP Group, Inc. (NASDAQ:DSPG) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $17.33.

Several brokerages have recently issued reports on DSPG. Zacks Investment Research upgraded DSP Group from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, April 9th. Dougherty & Co reiterated a “buy” rating and issued a $20.00 price objective (up from $16.00) on shares of DSP Group in a research note on Tuesday, May 7th. BidaskClub cut DSP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of DSP Group in a research note on Monday, March 4th. Finally, Cowen reiterated an “outperform” rating and issued a $17.00 price objective (up from $15.00) on shares of DSP Group in a research note on Tuesday, May 7th.

Shares of NASDAQ DSPG opened at $14.12 on Wednesday. The firm has a market capitalization of $320.74 million, a PE ratio of 61.39, a P/E/G ratio of 7.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.93 and a current ratio of 3.36. DSP Group has a 12-month low of $10.15 and a 12-month high of $15.67. The company has a fifty day moving average of $14.26.

DSP Group (NASDAQ:DSPG) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $29.10 million. DSP Group had a positive return on equity of 4.48% and a negative net margin of 1.08%. As a group, sell-side analysts expect that DSP Group will post 0.13 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of DSPG. Municipal Employees Retirement System of Michigan purchased a new position in DSP Group in the fourth quarter valued at $72,000. Oregon Public Employees Retirement Fund purchased a new position in DSP Group in the fourth quarter valued at $82,000. Van ECK Associates Corp increased its holdings in DSP Group by 17.0% in the fourth quarter. Van ECK Associates Corp now owns 8,349 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 1,212 shares during the last quarter. Group One Trading L.P. purchased a new position in DSP Group in the first quarter valued at $176,000. Finally, Delek Group Ltd. purchased a new position in DSP Group in the first quarter valued at $272,000. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

DSP Group Company Profile

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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