News stories about DSP Group (NASDAQ:DSPG) have been trending positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. DSP Group earned a news impact score of 0.37 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 96 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.
A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of DSP Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of DSP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Benchmark Co. assumed coverage on shares of DSP Group in a research note on Tuesday, April 25th. They set a “hold” rating on the stock. Needham & Company LLC increased their price objective on shares of DSP Group from $12.50 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Finally, Dougherty & Co increased their price objective on shares of DSP Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $13.86.
DSP Group (DSPG) remained flat at $11.75 on Tuesday. The stock had a trading volume of 44,638 shares. The stock has a 50-day moving average of $11.96 and a 200-day moving average of $11.64. The company has a market capitalization of $260.62 million, a price-to-earnings ratio of 90.38 and a beta of 0.88. DSP Group has a 52 week low of $9.80 and a 52 week high of $14.20.
DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. DSP Group had a return on equity of 3.47% and a net margin of 2.40%. The company had revenue of $31.30 million during the quarter, compared to analyst estimates of $30.93 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. DSP Group’s revenue was down 13.4% on a year-over-year basis. On average, equities analysts predict that DSP Group will post $0.20 EPS for the current fiscal year.
In other news, CFO Dror Levy sold 5,937 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $12.18, for a total transaction of $72,312.66. Following the completion of the transaction, the chief financial officer now owns 169,060 shares of the company’s stock, valued at $2,059,150.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.01% of the stock is currently owned by insiders.
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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.
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