Somewhat Negative Press Coverage Somewhat Unlikely to Affect DSP Group (DSPG) Share Price

Media stories about DSP Group (NASDAQ:DSPG) have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. DSP Group earned a coverage optimism score of -0.10 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.3313555980576 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of DSP Group (DSPG) remained flat at $$13.05 during midday trading on Monday. 33,100 shares of the company traded hands, compared to its average volume of 77,778. The firm has a market cap of $291.32, a P/E ratio of -163.13, a PEG ratio of 3.11 and a beta of 0.86. DSP Group has a 52-week low of $9.80 and a 52-week high of $14.20.

DSP Group (NASDAQ:DSPG) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. DSP Group had a positive return on equity of 2.93% and a negative net margin of 1.21%. The firm had revenue of $34.30 million during the quarter, compared to analyst estimates of $34.00 million. During the same period in the previous year, the company earned $0.19 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. sell-side analysts forecast that DSP Group will post -0.05 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on DSPG shares. TheStreet cut shares of DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of DSP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. BidaskClub cut shares of DSP Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of DSP Group in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $16.00 price target on shares of DSP Group in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.60.

In other DSP Group news, Director Yair Seroussi sold 12,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $13.10, for a total value of $157,200.00. Following the sale, the director now directly owns 26,000 shares in the company, valued at $340,600. The sale 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 stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $12.80, for a total value of $192,000.00. Following the sale, the director now owns 31,000 shares in the company, valued at approximately $396,800. The disclosure for this sale can be found here. Insiders sold 57,321 shares of company stock valued at $737,774 over the last 90 days. 5.18% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Somewhat Negative Press Coverage Somewhat Unlikely to Affect DSP Group (DSPG) Share Price” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://baseballnewssource.com/markets/dsp-group-dspg-earns-daily-news-impact-score-of-0-10/1817921.html.

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)

Receive News & Ratings for DSP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSP Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.