DSP Group, Inc. (NASDAQ:DSPG) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01, Bloomberg Earnings reports. DSP Group had a negative net margin of 1.21% and a positive return on equity of 2.93%. The company had revenue of $34.30 million during the quarter, compared to analysts’ expectations of $34.00 million. During the same quarter in the prior year, the company earned $0.19 EPS. The firm’s revenue was down 11.6% on a year-over-year basis.

DSP Group (DSPG) traded up $0.30 during trading hours on Friday, reaching $13.45. 110,380 shares of the company were exchanged, compared to its average volume of 60,294. The company has a market capitalization of $300.37 million, a P/E ratio of 75.00, a price-to-earnings-growth ratio of 15.00 and a beta of 0.87.

DSP Group announced that its board has approved a share buyback plan on Monday, August 14th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/dsp-group-inc-dspg-posts-earnings-results-beats-expectations-by-0-01-eps/1678405.html.

A number of equities research analysts have recently issued reports on DSPG shares. BidaskClub raised shares of DSP Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of DSP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 price objective on shares of DSP Group in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.60.

About DSP Group

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.

Earnings History for DSP Group (NASDAQ:DSPG)

Receive News & Ratings for DSP Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSP Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.