DSP Group (DSPG) Earning Positive News Coverage, Study Shows

News headlines about DSP Group (NASDAQ:DSPG) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DSP Group earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.9086877473329 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of DSP Group (NASDAQ DSPG) opened at $12.35 on Thursday. The company has a market cap of $276.80, a PE ratio of -82.33, a PEG ratio of 5.39 and a beta of 0.77. DSP Group has a one year low of $9.85 and a one year high of $14.20.

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

A number of analysts have recently commented on DSPG shares. Zacks Investment Research raised shares of DSP Group from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub cut shares of DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Canaccord Genuity reissued a “buy” rating and set a $16.00 target price on shares of DSP Group in a research note on Thursday, November 2nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of DSP Group in a research note on Wednesday, January 3rd. Finally, TheStreet cut shares of DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.00.

In related news, Director Yair Seroussi sold 12,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $13.10, for a total transaction of $157,200.00. Following the transaction, the director now directly owns 26,000 shares in the company, valued at $340,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick Tanguy sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $12.80, for a total transaction of $192,000.00. Following the transaction, the director now owns 31,000 shares in the company, valued at $396,800. The disclosure for this sale can be found here. Insiders own 5.18% of the company’s stock.

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DSP Group Company Profile

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.

Insider Buying and Selling by Quarter for DSP Group (NASDAQ:DSPG)

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