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.
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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