DSP Group (DSPG) Getting Somewhat Positive News Coverage, Analysis Shows
News articles about DSP Group (NASDAQ:DSPG) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. DSP Group earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.6894828820764 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- DSP Group’s (DSPG) CEO Ofer Elyakim on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- DSP Group Inc Q3 Income Declines 50% (rttnews.com)
- Edited Transcript of DSPG earnings conference call or presentation 2-Nov-17 12:30pm GMT (finance.yahoo.com)
- DSP Group, Inc. to Host Earnings Call (finance.yahoo.com)
- DSP Group, Inc. Reports Third Quarter 2017 Results (finance.yahoo.com)
Shares of DSP Group (NASDAQ DSPG) traded down $0.50 during trading hours on Monday, reaching $12.95. 29,145 shares of the company traded hands, compared to its average volume of 65,151. The company has a market cap of $299.26, a P/E ratio of 74.72, a PEG ratio of 14.94 and a beta of 0.87. DSP Group has a 12-month low of $9.80 and a 12-month high of $14.20.
DSP Group (NASDAQ:DSPG) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $34.30 million for the quarter, compared to the consensus estimate of $34.00 million. DSP Group had a negative net margin of 1.21% and a positive return on equity of 2.93%. DSP Group’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. sell-side analysts expect that DSP Group will post 0.06 EPS for the current fiscal year.
DSP Group announced that its Board of Directors has approved a stock repurchase program on Monday, August 14th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Several analysts recently weighed in on DSPG shares. Canaccord Genuity reiterated a “buy” rating and issued a $16.00 price objective on shares of DSP Group in a research report on Thursday. BidaskClub upgraded shares of DSP Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of DSP Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. DSP Group has a consensus rating of “Buy” and an average price target of $14.60.
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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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