DSP Group (NASDAQ:DSPG) Given a $18.00 Price Target by Needham & Company LLC Analysts

DSP Group (NASDAQ:DSPG) received a $18.00 target price from Needham & Company LLC in a report released on Wednesday, TipRanks reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 20.40% from the company’s previous close.

DSPG has been the topic of a number of other reports. Zacks Investment Research lowered shares of DSP Group from a “buy” rating to a “hold” rating in a report on Monday. Dougherty & Co reiterated a “buy” rating and set a $20.00 target price (up from $16.00) on shares of DSP Group in a report on Tuesday, May 7th. BidaskClub upgraded shares of DSP Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Finally, Cowen reissued an “outperform” rating and issued a $17.00 price objective (up from $15.00) on shares of DSP Group in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. DSP Group currently has a consensus rating of “Buy” and a consensus price target of $18.25.

Shares of DSPG stock traded down $0.13 during trading hours on Wednesday, hitting $14.95. The company had a trading volume of 116,741 shares, compared to its average volume of 139,679. The business’s fifty day moving average is $14.57. The company has a quick ratio of 2.93, a current ratio of 3.19 and a debt-to-equity ratio of 0.07. DSP Group has a fifty-two week low of $10.15 and a fifty-two week high of $16.30. The firm has a market capitalization of $347.77 million, a PE ratio of 65.00, a PEG ratio of 8.06 and a beta of 0.70.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $29.03 million for the quarter, compared to analyst estimates of $29.00 million. DSP Group had a negative net margin of 1.30% and a positive return on equity of 2.96%. Equities research analysts expect that DSP Group will post 0.13 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan purchased a new stake in shares of DSP Group in the 4th quarter valued at approximately $72,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of DSP Group in the 2nd quarter valued at approximately $172,000. Group One Trading L.P. purchased a new stake in shares of DSP Group in the 1st quarter valued at approximately $176,000. Delek Group Ltd. purchased a new stake in shares of DSP Group in the 1st quarter valued at approximately $272,000. Finally, Great West Life Assurance Co. Can increased its position in shares of DSP Group by 50.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 28,407 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 9,523 shares during the last quarter. 75.62% of the stock is currently 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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