DSP Group, Inc. (NASDAQ:DSPG) Director Cynthia Paul purchased 13,700 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average price of $11.05 per share, for a total transaction of $151,385.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Cynthia Paul also recently made the following trade(s):

  • On Friday, March 20th, Cynthia Paul purchased 90,000 shares of DSP Group stock. The shares were acquired at an average price of $10.95 per share, for a total transaction of $985,500.00.
  • On Wednesday, March 18th, Cynthia Paul purchased 47,071 shares of DSP Group stock. The shares were acquired at an average price of $10.73 per share, for a total transaction of $505,071.83.
  • On Monday, March 16th, Cynthia Paul purchased 53,296 shares of DSP Group stock. The shares were acquired at an average price of $11.60 per share, for a total transaction of $618,233.60.

NASDAQ DSPG opened at $11.58 on Thursday. DSP Group, Inc. has a 1 year low of $10.26 and a 1 year high of $16.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.76 and a quick ratio of 3.46. The stock has a market capitalization of $282.55 million, a PE ratio of 43.07, a P/E/G ratio of 2.59 and a beta of 0.78. The company’s 50 day simple moving average is $13.82 and its two-hundred day simple moving average is $14.59.

DSP Group (NASDAQ:DSPG) last posted its earnings results on Monday, February 3rd. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. DSP Group had a negative net margin of 1.01% and a positive return on equity of 4.70%. The business had revenue of $29.26 million for the quarter, compared to analysts’ expectations of $29.00 million. On average, research analysts anticipate that DSP Group, Inc. will post 0.31 EPS for the current year.

DSPG has been the topic of a number of recent research reports. Cowen upped their price target on shares of DSP Group from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of DSP Group in a research note on Monday, February 3rd. Zacks Investment Research upgraded shares of DSP Group from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, March 13th. Finally, BidaskClub upgraded shares of DSP Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Senvest Management LLC lifted its stake in DSP Group by 2.8% in the 4th quarter. Senvest Management LLC now owns 991,664 shares of the semiconductor company’s stock worth $15,609,000 after purchasing an additional 26,610 shares in the last quarter. State Street Corp raised its position in shares of DSP Group by 10.9% during the 4th quarter. State Street Corp now owns 655,987 shares of the semiconductor company’s stock valued at $10,325,000 after buying an additional 64,739 shares in the last quarter. Heartland Advisors Inc. raised its position in shares of DSP Group by 15.3% during the 4th quarter. Heartland Advisors Inc. now owns 441,322 shares of the semiconductor company’s stock valued at $6,946,000 after buying an additional 58,702 shares in the last quarter. Norges Bank purchased a new stake in shares of DSP Group during the 4th quarter valued at $6,634,000. Finally, Geode Capital Management LLC raised its position in shares of DSP Group by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 313,477 shares of the semiconductor company’s stock valued at $4,934,000 after buying an additional 17,895 shares in the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

About DSP Group

DSP Group, Inc, a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications. It operates through three segments: Home, Office, and SmartVoice. The company provides a portfolio of wireless chipsets that integrate DECT/CAT-iq, ULE, Wi-Fi, PSTN, HDClear, video, and VoIP technologies.

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