DSP Group Inc. (DSPG) Stock Price Up 3.1%
DSP Group Inc. (NASDAQ:DSPG)’s share price rose 3.1% during trading on Monday . The company traded as high as $11.60 and last traded at $11.60, with a volume of 53,246 shares. The stock had previously closed at $11.25.
DSPG has been the topic of a number of recent research reports. TheStreet lowered shares of DSP Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Needham & Company LLC boosted their target price on shares of DSP Group from $11.00 to $12.50 and gave the company a “buy” rating in a report on Monday, August 1st. Canaccord Genuity began coverage on shares of DSP Group in a report on Tuesday, August 9th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of DSP Group from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a report on Monday, May 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $11.88.
The stock’s 50-day moving average is $10.72 and its 200-day moving average is $9.70. The stock’s market cap is $261.20 million.
DSP Group (NASDAQ:DSPG) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. The company earned $36.20 million during the quarter, compared to the consensus estimate of $36 million. DSP Group’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. Equities research analysts expect that DSP Group Inc. will post $0.31 EPS for the current year.
DSP Group, Inc is a provider of wireless chipset solutions for converged communications. The Company delivers semiconductor system solutions with software and hardware reference designs and enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop products.
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