DSP Group, Inc. (NASDAQ:DSPG) – Dougherty & Co issued their Q1 2018 earnings per share estimates for DSP Group in a research note issued on Sunday. Dougherty & Co analyst C. Anderson expects that the semiconductor company will earn ($0.02) per share for the quarter. Dougherty & Co has a “Buy” rating and a $17.00 price target on the stock.

DSP Group (NASDAQ:DSPG) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. DSP Group had a negative net margin of 2.41% and a positive return on equity of 2.71%. The company had revenue of $31.20 million during the quarter, compared to analysts’ expectations of $31.13 million. During the same period in the previous year, the company earned $0.13 EPS. The business’s quarterly revenue was down 11.6% compared to the same quarter last year.

Several other analysts have also recently issued reports on DSPG. Canaccord Genuity reissued a “buy” rating and set a $16.00 price objective on shares of DSP Group in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. TheStreet cut shares of DSP Group from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. BidaskClub cut shares of DSP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of DSP Group in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. DSP Group presently has a consensus rating of “Hold” and an average target price of $15.00.

Shares of DSP Group (NASDAQ DSPG) opened at $12.00 on Wednesday. DSP Group has a 12 month low of $9.85 and a 12 month high of $14.20. The stock has a market cap of $279.04, a price-to-earnings ratio of -80.00, a PEG ratio of 3.70 and a beta of 0.77.

In related news, CFO Dror Levy sold 4,060 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $12.85, for a total transaction of $52,171.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick Tanguy sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $12.80, for a total transaction of $192,000.00. Following the sale, the director now directly owns 31,000 shares of the company’s stock, valued at $396,800. The disclosure for this sale can be found here. Insiders have sold a total of 31,060 shares of company stock valued at $401,371 over the last three months. Corporate insiders own 5.18% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in DSP Group by 51.1% during the 2nd quarter. Alliancebernstein L.P. now owns 35,800 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 12,100 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in DSP Group by 21.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 81,491 shares of the semiconductor company’s stock worth $945,000 after purchasing an additional 14,300 shares during the period. Northern Trust Corp boosted its position in DSP Group by 3.5% during the 2nd quarter. Northern Trust Corp now owns 259,261 shares of the semiconductor company’s stock worth $3,007,000 after purchasing an additional 8,770 shares during the period. Ameriprise Financial Inc. boosted its position in DSP Group by 21.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 137,761 shares of the semiconductor company’s stock worth $1,598,000 after purchasing an additional 24,182 shares during the period. Finally, Wells Fargo & Company MN boosted its position in DSP Group by 2.3% during the 3rd quarter. Wells Fargo & Company MN now owns 860,233 shares of the semiconductor company’s stock worth $11,183,000 after purchasing an additional 19,239 shares during the period. 74.89% of the stock is owned by hedge funds and other institutional investors.

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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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