Somewhat Favorable News Coverage Somewhat Unlikely to Impact DSP Group (DSPG) Share Price
News headlines about DSP Group (NASDAQ:DSPG) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DSP Group earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.9360620036806 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of analysts have recently commented on DSPG shares. Zacks Investment Research downgraded DSP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub upgraded DSP Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Needham & Company LLC upped their target price on DSP Group from $12.50 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.83.
DSP Group (NASDAQ DSPG) opened at 12.50 on Tuesday. DSP Group has a 12 month low of $9.80 and a 12 month high of $14.20. The firm’s 50-day moving average price is $11.94 and its 200-day moving average price is $11.94. The stock has a market cap of $278.11 million, a P/E ratio of 96.15 and a beta of 0.90.
DSP Group (NASDAQ:DSPG) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. DSP Group had a return on equity of 3.47% and a net margin of 2.40%. The company had revenue of $31.30 million for the quarter, compared to analysts’ expectations of $30.93 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts predict that DSP Group will post $0.20 earnings per share for the current year.
DSP Group declared that its board has initiated a stock buyback program on Monday, August 14th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
In other DSP Group news, CFO Dror Levy sold 5,937 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $12.18, for a total transaction of $72,312.66. Following the transaction, the chief financial officer now owns 169,060 shares in the company, valued at approximately $2,059,150.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.01% of the company’s stock.
DSP Group Company Profile
DSP Group, Inc is a global provider of wireless and audio chipset solutions for converged communications. Delivering semiconductor system solutions with software and hardware reference designs, the Company enables original equipment manufacturers, original design manufacturers, consumer electronics manufacturers and service providers to develop new products.
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