DSP Group (DSPG) Rating Lowered to Hold at BidaskClub

DSP Group (NASDAQ:DSPG) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

DSPG has been the subject of several other reports. Zacks Investment Research raised shares of DSP Group from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of DSP Group in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $17.25.

NASDAQ DSPG opened at $13.84 on Friday. The company has a quick ratio of 2.93, a current ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm has a market cap of $322.40 million, a P/E ratio of 60.17, a PEG ratio of 7.89 and a beta of 0.75. DSP Group has a 1 year low of $10.15 and a 1 year high of $15.67.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $28.28 million during the quarter, compared to the consensus estimate 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 expect that DSP Group will post 0.13 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in DSP Group by 1.0% in the 4th quarter. BlackRock Inc. now owns 2,060,186 shares of the semiconductor company’s stock valued at $23,075,000 after purchasing an additional 21,198 shares during the period. Vanguard Group Inc boosted its holdings in DSP Group by 15.2% in the 3rd quarter. Vanguard Group Inc now owns 1,500,678 shares of the semiconductor company’s stock valued at $17,858,000 after purchasing an additional 197,804 shares during the period. Vanguard Group Inc. boosted its holdings in DSP Group by 15.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,500,678 shares of the semiconductor company’s stock valued at $17,858,000 after purchasing an additional 197,804 shares during the period. Renaissance Technologies LLC boosted its holdings in DSP Group by 10.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,102,294 shares of the semiconductor company’s stock valued at $15,509,000 after purchasing an additional 105,594 shares during the period. Finally, Kennedy Capital Management Inc. boosted its holdings in DSP Group by 33.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 775,999 shares of the semiconductor company’s stock valued at $10,918,000 after purchasing an additional 192,334 shares during the period. 76.42% of the stock is 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 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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