Public Sector Pension Investment Board Has $198,000 Stake in DSP Group, Inc. (DSPG)

Public Sector Pension Investment Board maintained its stake in DSP Group, Inc. (NASDAQ:DSPG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,190 shares of the semiconductor company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board owned about 0.07% of DSP Group worth $198,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Texas Permanent School Fund increased its stake in shares of DSP Group by 0.4% in the third quarter. Texas Permanent School Fund now owns 16,679 shares of the semiconductor company’s stock worth $200,000 after buying an additional 72 shares during the period. Comerica Bank increased its stake in shares of DSP Group by 5.6% in the fourth quarter. Comerica Bank now owns 23,268 shares of the semiconductor company’s stock worth $273,000 after buying an additional 1,236 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of DSP Group by 8.2% in the third quarter. Great West Life Assurance Co. Can now owns 27,442 shares of the semiconductor company’s stock worth $329,000 after buying an additional 2,083 shares during the period. Cadence Capital Management LLC increased its stake in shares of DSP Group by 2.6% in the fourth quarter. Cadence Capital Management LLC now owns 92,343 shares of the semiconductor company’s stock worth $1,205,000 after buying an additional 2,341 shares during the period. Finally, Zacks Investment Management increased its stake in shares of DSP Group by 8.2% in the third quarter. Zacks Investment Management now owns 63,069 shares of the semiconductor company’s stock worth $757,000 after buying an additional 4,774 shares during the period. Institutional investors own 78.44% of the company’s stock.

Institutional Ownership by Quarter for DSP Group (NASDAQ:DSPG)

Shares of DSP Group, Inc. (NASDAQ:DSPG) traded down 1.21% during midday trading on Friday, hitting $12.25. The stock had a trading volume of 77,804 shares. The firm’s 50 day moving average price is $11.56 and its 200 day moving average price is $11.35. The firm has a market cap of $270.32 million, a price-to-earnings ratio of 58.33 and a beta of 0.97. DSP Group, Inc. has a 52-week low of $8.80 and a 52-week high of $14.20.

DSP Group (NASDAQ:DSPG) last announced its quarterly earnings data on Thursday, February 2nd. The semiconductor company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The company earned $35.30 million during the quarter, compared to analyst estimates of $35 million. DSP Group had a net margin of 3.49% and a return on equity of 2.34%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.07 EPS. On average, equities research analysts expect that DSP Group, Inc. will post $0.23 earnings per share for the current year.

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A number of equities research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective (up from $12.50) on shares of DSP Group in a research report on Thursday, April 6th. Canaccord Genuity restated a “buy” rating and set a $14.00 price objective on shares of DSP Group in a research report on Tuesday, January 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $13.80.

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.

5 Day Chart for NASDAQ:DSPG

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