Zacks Investment Research upgraded shares of DSP Group (NASDAQ:DSPG) from a hold rating to a buy rating in a research report sent to investors on Thursday, Zacks.com reports. They currently have $17.00 price target on the semiconductor company’s stock.

According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “

Several other brokerages have also issued reports on DSPG. Cowen restated a hold rating and set a $353.00 target price on shares of Regeneron Pharmaceuticals in a research report on Tuesday, May 7th. BidaskClub lowered shares of Zebra Technologies from a buy rating to a hold rating in a research report on Tuesday, July 16th. Finally, Dougherty & Co started coverage on shares of Catasys in a research report on Tuesday, May 7th. They set a buy rating for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. DSP Group has an average rating of Buy and a consensus price target of $17.25.

Shares of NASDAQ DSPG opened at $15.05 on Thursday. The firm’s 50 day simple moving average is $14.19. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.36 and a quick ratio of 2.93. The company has a market capitalization of $341.86 million, a price-to-earnings ratio of 55.74, a price-to-earnings-growth ratio of 7.92 and a beta of 0.70. DSP Group has a 12-month low of $10.15 and a 12-month high of $15.67.

DSP Group (NASDAQ:DSPG) last announced its earnings results on Monday, May 6th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $28.28 million during the quarter, compared to analyst estimates of $29.10 million. DSP Group had a negative net margin of 1.08% and a positive return on equity of 4.48%. Analysts predict that DSP Group will post 0.13 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of DSPG. Kennedy Capital Management Inc. boosted its position in shares of DSP Group by 33.0% in the first quarter. Kennedy Capital Management Inc. now owns 775,999 shares of the semiconductor company’s stock worth $10,918,000 after purchasing an additional 192,334 shares during the period. EAM Global Investors LLC bought a new position in shares of DSP Group in the first quarter worth approximately $1,339,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of DSP Group in the first quarter worth approximately $748,000. Tibra Equities Europe Ltd bought a new position in shares of DSP Group in the first quarter worth approximately $606,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of DSP Group by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 239,077 shares of the semiconductor company’s stock worth $2,678,000 after purchasing an additional 33,369 shares during the period. Institutional investors and hedge funds own 79.11% 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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