DSP Group Inc. (NASDAQ:DSPG) reached a new 52-week high on Monday . The company traded as high as $10.91 and last traded at $10.73, with a volume of 32,952 shares trading hands. The stock had previously closed at $10.57.

A number of equities research analysts recently weighed in on DSPG shares. TheStreet raised DSP Group from a “hold” rating to a “buy” rating in a report on Friday, April 1st. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of DSP Group in a research note on Saturday, April 30th. Finally, Zacks Investment Research raised DSP Group from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research note on Monday, May 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $11.00.

The company’s market capitalization is $235.42 million. The company has a 50 day moving average price of $10.30 and a 200 day moving average price of $9.36.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The company earned $27.66 million during the quarter, compared to the consensus estimate of $27.02 million. The company’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Equities analysts anticipate that DSP Group Inc. will post $0.33 EPS for the current year.

In related news, CEO Ofer Elyakim sold 14,313 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $9.51, for a total value of $136,116.63. Following the completion of the sale, the chief executive officer now directly owns 369,523 shares in the company, valued at $3,514,163.73. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Dror Levy sold 9,430 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $9.45, for a total value of $89,113.50. Following the completion of the sale, the chief financial officer now owns 164,061 shares of the company’s stock, valued at $1,550,376.45. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in DSP Group stock. Morgan Stanley raised its stake in DSP Group Inc. (NASDAQ:DSPG) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,813 shares of the company’s stock after buying an additional 6,259 shares during the period. Morgan Stanley owned approximately 0.57% of DSP Group worth $1,159,000 as of its most recent SEC filing.

DSP Group, Inc is a global provider of wireless chipset solutions for converged communications. The Company enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop products. It provides a portfolio of wireless chipsets integrating Digital Enhanced Cordless Telecommunications (DECT); Cordless Advanced Technology – Internet Quality (CAT-iq), Ultra Low Energy (ULE), Wi-Fi, video, Voice over Internet Protocol (VoIP), Public Switched Telephone Network (PSTN), HDClear (previously BoneTone) noise suppression and voice quality enhancement technologies.

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