DSP Group (DSPG) Earning Somewhat Positive News Coverage, Analysis Finds

News headlines about DSP Group (NASDAQ:DSPG) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. DSP Group earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.3230523543773 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

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Several research analysts recently issued reports on DSPG shares. Zacks Investment Research lowered DSP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. BidaskClub lowered DSP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of DSP Group in a research report on Wednesday, January 3rd. Finally, Dougherty & Co raised their target price on DSP Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. DSP Group currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Shares of DSPG stock traded up $0.05 during mid-day trading on Thursday, hitting $11.80. The company’s stock had a trading volume of 21,250 shares, compared to its average volume of 56,150. DSP Group has a 52 week low of $10.80 and a 52 week high of $13.95. The firm has a market cap of $263.61, a PE ratio of 69.41, a price-to-earnings-growth ratio of 5.04 and a beta of 0.78.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $31.13 million. During the same period last year, the company posted $0.13 EPS. The business’s quarterly revenue was down 11.6% on a year-over-year basis. equities analysts forecast that DSP Group will post 0.23 earnings per share for the current year.

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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.

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