DSP Group, Inc. (NASDAQ:DSPG) 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 transaction, the director now directly owns 31,000 shares in the company, valued at approximately $396,800. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of DSP Group, Inc. (NASDAQ DSPG) traded up $0.20 during trading on Friday, hitting $12.95. The company’s stock had a trading volume of 349,283 shares, compared to its average volume of 71,946. DSP Group, Inc. has a one year low of $9.80 and a one year high of $14.20. The stock has a market cap of $289.08, a price-to-earnings ratio of 70.97 and a beta of 0.86.

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

A number of research analysts have weighed in on the company. Zacks Investment Research lowered DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet lowered DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reissued a “buy” rating and set 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 given a hold rating and four have assigned a buy rating to the company’s stock. DSP Group presently has a consensus rating of “Hold” and a consensus target price of $14.60.

Several hedge funds have recently added to or reduced their stakes in DSPG. Vanguard Group Inc. increased its holdings in shares of DSP Group by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 1,141,427 shares of the semiconductor company’s stock worth $13,697,000 after buying an additional 55,238 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DSP Group by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 198,569 shares of the semiconductor company’s stock worth $2,382,000 after buying an additional 4,923 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of DSP Group by 128.9% during the 1st quarter. Bank of America Corp DE now owns 40,582 shares of the semiconductor company’s stock worth $487,000 after buying an additional 22,856 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of DSP Group by 11.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 40,514 shares of the semiconductor company’s stock worth $470,000 after buying an additional 4,299 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of DSP Group by 3.4% during the 2nd quarter. Texas Permanent School Fund now owns 16,186 shares of the semiconductor company’s stock worth $188,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.

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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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