State of Alaska Department of Revenue trimmed its position in shares of DSP Group, Inc. (NASDAQ:DSPG) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,520 shares of the semiconductor company’s stock after selling 900 shares during the quarter. State of Alaska Department of Revenue’s holdings in DSP Group were worth $73,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DSPG. Jane Street Group LLC purchased a new stake in DSP Group during the second quarter worth $371,000. Bank of America Corp DE boosted its position in DSP Group by 69.9% during the second quarter. Bank of America Corp DE now owns 39,085 shares of the semiconductor company’s stock worth $487,000 after purchasing an additional 16,076 shares in the last quarter. Acadian Asset Management LLC boosted its position in DSP Group by 122.4% during the third quarter. Acadian Asset Management LLC now owns 45,681 shares of the semiconductor company’s stock worth $543,000 after purchasing an additional 25,142 shares in the last quarter. Algert Global LLC boosted its position in DSP Group by 416.6% during the third quarter. Algert Global LLC now owns 61,990 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 49,990 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in DSP Group during the third quarter worth $1,064,000. Institutional investors own 82.17% of the company’s stock.

DSPG has been the topic of a number of research analyst reports. BidaskClub upgraded DSP Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. ValuEngine upgraded DSP Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research downgraded DSP Group from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.25.

In other DSP Group news, Director Cynthia Paul bought 20,400 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average cost of $10.94 per share, for a total transaction of $223,176.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Lacey bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $11.40 per share, with a total value of $45,600.00. The disclosure for this purchase can be found here. Insiders bought 91,193 shares of company stock worth $980,229 over the last 90 days. Company insiders own 5.25% of the company’s stock.

Shares of NASDAQ:DSPG opened at $12.46 on Monday. DSP Group, Inc. has a 52-week low of $10.15 and a 52-week high of $13.45. The firm has a market capitalization of $276.57 million, a PE ratio of 49.84, a P/E/G ratio of 3.89 and a beta of 0.64.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. DSP Group had a positive return on equity of 3.96% and a negative net margin of 1.44%. The business had revenue of $32.62 million for the quarter, compared to the consensus estimate of $33.00 million. As a group, sell-side analysts anticipate that DSP Group, Inc. will post -0.06 EPS for the current fiscal year.

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DSP Group Company Profile

DSP Group, Inc, a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications worldwide. 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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Institutional Ownership by Quarter for DSP Group (NASDAQ:DSPG)

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