Media coverage about DSP Group (NASDAQ:DSPG) has trended very positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog 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 coverage optimism score of 0.56 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next several days.
DSPG has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $12.50 price target on shares of DSP Group in a report on Monday, March 6th. Wunderlich lowered shares of DSP Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $13.00 in a report on Tuesday, April 25th. Dougherty & Co boosted their price target on shares of DSP Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Lake Street Capital reissued a “buy” rating and issued a $14.00 price target (up previously from $12.00) on shares of DSP Group in a report on Friday, April 28th. Finally, Benchmark Co. initiated coverage on shares of DSP Group in a report on Tuesday, April 25th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.86.
Shares of DSP Group (NASDAQ:DSPG) opened at 11.90 on Monday. The stock has a market cap of $263.81 million, a price-to-earnings ratio of 57.49 and a beta of 0.85. The stock’s 50 day moving average is $12.20 and its 200-day moving average is $11.68. DSP Group has a 12-month low of $9.67 and a 12-month high of $14.20.
DSP Group (NASDAQ:DSPG) last released its earnings results on Thursday, April 27th. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. DSP Group had a return on equity of 3.41% and a net margin of 3.52%. The company had revenue of $27.90 million during the quarter, compared to the consensus estimate of $27.55 million. During the same quarter last year, the company earned ($0.08) earnings per share. DSP Group’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that DSP Group will post $0.21 EPS for the current fiscal year.
In other news, CFO Dror Levy sold 11,962 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $12.46, for a total value of $149,046.52. Following the completion of the transaction, the chief financial officer now owns 159,060 shares in the company, valued at $1,981,887.60. The sale was disclosed in a document filed with the SEC, which is available at this link. 6.01% of the stock is currently owned by company insiders.
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.
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