DSP Group (DSPG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of DSP Group (NASDAQ:DSPG) from a sell rating to a hold rating in a report released on Thursday. The firm currently has $14.00 target price on the semiconductor company’s stock.

According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “

How to Become a New Pot Stock Millionaire

DSPG has been the topic of several other research reports. Needham & Company LLC reiterated a buy rating and set a $15.00 price target on shares of DSP Group in a report on Thursday, February 1st. Dougherty & Co increased their price target on DSP Group from $15.00 to $17.00 and gave the company a buy rating in a report on Thursday, February 8th. Finally, BidaskClub downgraded DSP Group from a hold rating to a sell rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $14.83.

NASDAQ:DSPG opened at $11.70 on Thursday. DSP Group has a 52 week low of $10.80 and a 52 week high of $13.95. The company has a market capitalization of $265.89, a P/E ratio of 68.82, a PEG ratio of 5.09 and a beta of 0.78.

DSP Group (NASDAQ:DSPG) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. DSP Group had a positive return on equity of 2.71% and a negative net margin of 2.41%. The firm had revenue of $31.20 million for the quarter, compared to the consensus estimate of $31.13 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. analysts expect that DSP Group will post 0.23 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in DSPG. Raging Capital Management LLC boosted its position in shares of DSP Group by 28.3% in the fourth quarter. Raging Capital Management LLC now owns 2,172,872 shares of the semiconductor company’s stock valued at $27,161,000 after acquiring an additional 478,885 shares during the period. Wells Fargo & Company MN boosted its position in shares of DSP Group by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 867,157 shares of the semiconductor company’s stock valued at $10,839,000 after acquiring an additional 6,924 shares during the period. Renaissance Technologies LLC boosted its position in shares of DSP Group by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 798,726 shares of the semiconductor company’s stock valued at $9,984,000 after acquiring an additional 18,168 shares during the period. Meitav Dash Investments Ltd. bought a new stake in shares of DSP Group in the fourth quarter valued at approximately $4,102,000. Finally, Kennedy Capital Management Inc. boosted its position in shares of DSP Group by 281.8% in the fourth quarter. Kennedy Capital Management Inc. now owns 153,270 shares of the semiconductor company’s stock valued at $1,916,000 after acquiring an additional 113,123 shares during the period. Institutional investors own 76.50% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3343015/dsp-group-dspg-upgraded-at-zacks-investment-research.html.

About DSP Group

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.

Get a free copy of the Zacks research report on DSP Group (DSPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for DSP Group (NASDAQ:DSPG)

Receive News & Ratings for DSP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSP Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Independent Bank  Announces  Earnings Results, Misses Expectations By $0.04 EPS
Independent Bank Announces Earnings Results, Misses Expectations By $0.04 EPS
Fortuna  Market Capitalization Tops $24.86 Million
Fortuna Market Capitalization Tops $24.86 Million
Axiom  Hits 24 Hour Trading Volume of $16.00
Axiom Hits 24 Hour Trading Volume of $16.00
Darcrus Market Capitalization Hits $2.93 Million
Darcrus Market Capitalization Hits $2.93 Million
$695.69 Million in Sales Expected for PRA Health Sciences  This Quarter
$695.69 Million in Sales Expected for PRA Health Sciences This Quarter
Navios Maritime Midstream  Expected to Post Earnings of $0.17 Per Share
Navios Maritime Midstream Expected to Post Earnings of $0.17 Per Share


Leave a Reply

© 2006-2018 Ticker Report. Google+.