DSP Group (NASDAQ:DSPG) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

DSPG has been the subject of a number of other reports. Zacks Investment Research cut shares of DSP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Needham & Company LLC set a $18.00 target price on shares of DSP Group and gave the company a “buy” rating in a research note on Wednesday, July 31st. Cowen lifted their target price on shares of DSP Group from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, ValuEngine cut shares of DSP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. DSP Group has an average rating of “Buy” and an average target price of $18.00.

DSPG stock opened at $15.03 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.11 and a current ratio of 3.47. The stock has a market cap of $353.45 million, a P/E ratio of 65.35, a P/E/G ratio of 38.55 and a beta of 0.77. The firm has a 50 day simple moving average of $14.51 and a 200 day simple moving average of $14.40. DSP Group has a 52 week low of $10.54 and a 52 week high of $16.30.

DSP Group (NASDAQ:DSPG) last posted its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $31.04 million during the quarter, compared to analysts’ expectations of $31.00 million. DSP Group had a negative net margin of 1.24% and a positive return on equity of 4.40%. Sell-side analysts predict that DSP Group will post 0.03 EPS for the current year.

In other DSP Group news, CFO Dror Levy sold 25,000 shares of DSP Group stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $15.42, for a total value of $385,500.00. Following the completion of the sale, the chief financial officer now directly owns 156,000 shares in the company, valued at $2,405,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in DSP Group by 3.7% in the second quarter. Renaissance Technologies LLC now owns 1,143,494 shares of the semiconductor company’s stock valued at $16,421,000 after acquiring an additional 41,200 shares during the last quarter. Heartland Advisors Inc. lifted its stake in DSP Group by 2,729.4% in the second quarter. Heartland Advisors Inc. now owns 293,970 shares of the semiconductor company’s stock valued at $4,221,000 after acquiring an additional 283,580 shares during the last quarter. BlackRock Inc. lifted its stake in DSP Group by 57.3% in the second quarter. BlackRock Inc. now owns 3,154,232 shares of the semiconductor company’s stock valued at $45,296,000 after acquiring an additional 1,148,366 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in DSP Group by 17.6% in the third quarter. Rice Hall James & Associates LLC now owns 155,647 shares of the semiconductor company’s stock valued at $2,192,000 after acquiring an additional 23,272 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of DSP Group by 47.7% in the second quarter. Bank of America Corp DE now owns 45,982 shares of the semiconductor company’s stock worth $660,000 after buying an additional 14,850 shares during the last quarter. Hedge funds and other institutional investors own 78.29% 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.

Featured Story: What is diluted earnings per share (Diluted EPS)?

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